Securing the Money Pipeline

The National Business Aviation Association (NBAA) welcomed congressional passage of legislation to temporarily fund all U.S. federal agencies and extend authorization for Federal Aviation Administration operations.

The legislation funds the federal government for 47-days, through 17 November 2023, and provides a three-month extension, through 31 December, on the multi-year FAA reauthorization bill passed by Congress in 2018. The FAA authorization and annual government-funding package shared 30 September deadlines.

NBAA president and CEO Ed Bolen stated: “Aviation is one of the nation’s most regulated industries, relying on the FAA for a variety of personnel and services to support safety, security, certification and other priorities. We thank Congress for passing this important funding and authorization extension to ensure the agency is able to continue its mission to maintain a safe and efficient National Airspace System used by millions of Americans each day.”

In calling for lawmakers to pass the extension, the NBAA and other organizations noted the aviation industry is responsible for approximately five-percent of U.S. GDP, and more than ten-million jobs. A lapse in FAA authority would disrupt the whole of the aviation industry—so stated the NBAA.

Mr. Bolen also thanked NBAA members for their vocal support of Congress’s passage of the FAA authorization extension. The Association, by way of its online Voter Voice advocacy resource, recently issued a call to action in the hope of alerting lawmakers of the ostensible need for a funding extension.

Bolen concluded: “As always, NBAA members stood ready to mobilize on a key priority. We will remain vigilant and prepared for further action as needed while we continue to underscore the urgent need for Congress to complete work on the annual appropriations bills to fund the federal government and a long-term FAA reauthorization.”

Founded in 1947 for purpose of fostering an environment conducive to business aviation’s success both in the United States and around the world, the National Business Aviation Association (NBAA) is a Washington D.C.-based non-profit organization representing upwards of ten-thousand company and individual members.

FMI: www.nbaa.org