Airport and Airway Trust Fund: Declining Balance Raises Concerns over Ability to Meet Future Demands: Testimony Before the Committee on Finance, U.S. Senate

Airport and Airway Trust Fund: Declining Balance Raises Concerns over Ability to Meet Future Demands: Testimony Before the Committee on Finance, U.S. Senate PDF Author:
Publisher: DIANE Publishing
ISBN: 1437981232
Category :
Languages : en
Pages : 18

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Airport and Airway Trust Fund

Airport and Airway Trust Fund PDF Author: Gerald Lee Dillingham
Publisher:
ISBN:
Category : Airlines
Languages : en
Pages : 17

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"This testimony discusses the status of the Airport and Airway Trust Fund (Trust Fund). Established in 1970, the Trust Fund helps finance the Federal Aviation Administration's (FAA) investments in the airport and airway system, such as construction and safety improvements at airports and technological upgrades to the air traffic control system, as well as FAA operations, such as providing air traffic control and conducting safety inspections. FAA, the Trust Fund, and the excise taxes that support the Trust Fund (which are discussed later in this statement) must all be periodically reauthorized. The most recent reauthorization expired at the end of fiscal year 2007. Proposed reauthorization legislation was considered but not enacted in the 110th and 111th Congresses, although several short-term measures were passed to extend the authorization of aviation programs, funding, and Trust Fund revenue collections. The latest of these extensions--the Airport and Airway Extension Act of 2010, Part IV--was enacted on December 22, 2010, extending FAA programs, expenditure authority, and aviation trust fund revenue collections through March 31, 2011. The financial health of the Trust Fund is important to ensure sustainable funding for a safe and efficient aviation system without increasing demands on general revenues. This testimony provides an update on the status of the Airport and Airway Trust Fund, including the current financial condition of the Trust Fund, anticipated Trust Fund expenditures for planning and implementing improvements in the nation's air traffic management system that are expected to enhance the safety and capacity of the air transport system, and options for ensuring a sustainable Trust Fund. This statement draws on our body of work on these issues, supplemented with updated information on the Trust Fund from FAA and the Congressional Budget Office. All dollars reported in this statement are nominal, unless otherwise noted"--Summary (GAO Website).

Airport And Airway Trust Fund Declining Balance Raises Concerns Over Ability To Meet Future Demands

Airport And Airway Trust Fund Declining Balance Raises Concerns Over Ability To Meet Future Demands PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Airport and Airway Trust Fund

Airport and Airway Trust Fund PDF Author: United States Government Accountability Office
Publisher: Createspace Independent Publishing Platform
ISBN: 9781719053778
Category :
Languages : en
Pages : 32

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Airport and Airway Trust Fund: Declining Balance Raises Concerns over Ability to Meet Future Demands

The Status of the Airport and Airway Trust Fund

The Status of the Airport and Airway Trust Fund PDF Author: Mark R. Dayton
Publisher:
ISBN:
Category : Aeronautics, Commercial
Languages : en
Pages : 78

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Airport and Airway Trust Fund

Airport and Airway Trust Fund PDF Author: United States. Congress. Senate. Committee on Finance
Publisher:
ISBN:
Category : Political Science
Languages : en
Pages : 120

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Federal Aviation Administration

Federal Aviation Administration PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 15

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Airport and Airway Trust Fund

Airport and Airway Trust Fund PDF Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally
Publisher:
ISBN:
Category : Aeronautics
Languages : en
Pages : 224

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The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report PDF Author: Financial Crisis Inquiry Commission
Publisher: Cosimo, Inc.
ISBN: 1616405414
Category : Political Science
Languages : en
Pages : 692

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The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Airport and Airway Trust Fund

Airport and Airway Trust Fund PDF Author: United States Senate
Publisher:
ISBN: 9781655334481
Category :
Languages : en
Pages : 116

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Airport and Airway Trust Fund: the future of aviation financing: hearing before the Committee on Finance, United States Senate, One Hundred Tenth Congress, first session, July 12, 2007.