Joe Crowley: “Mr. Speaker, H.R. 5270 extends the financing and spending authority for the Airport and Airway Trust Fund. The trust…”

“Mr. Speaker, H.R. 5270 extends the financing and spending authority for the Airport and Airway Trust Fund. The trust fund taxes and spending authority are scheduled to expire on March 1, 2008. H.R. 5270 extends these taxes at current rates through June 30 of 2008. On January 29, 2008, the acting administrator of the FAA sent a letter to the Committee on Ways and Means indicating the ability of the FAA to provide services in 2008 will be impeded if this extension is not enacted. I will include this letter from the FAA for the Record. The Committee on Ways and Means reported out a previous extension bill with bipartisan support. This bill will keep the Airport and Airway Trust Fund taxes and operations in place until the long-term FAA reauthorization act is signed into law. I urge the full support of my colleagues for this measure.”