Mr. Speaker, S. 2024 is very similar to legislation which was passed by the House 2 weeks ago under the Suspension Calendar. The bill before us provides a temporary authorization of the Airport Improvement Program, allowing up to $800 million in new grants for eligible airport construction activities. Following passage of the earlier bill, we negotiated with our Senate counterparts to reach a quick compromise on the shape of the temporary AIP bill. On Thursday last, May 12, the Senate passed S. 2024. And if the House approves the bill today, it will be sent to the President for enactment. Let me take just a moment to describe two major differences between the bill reported by the House on May 3 and the bill now before us. Airports chiefly rely on two distinct pots of money, both of which are part of Airport Improvement Program. One pot is distributed by formula based on the number of passengers and volume of cargo that passes through the airport. A second pot, the discretionary fund, is managed by the Federal Aviation Administration based on their assessment of national priorities.
Editor's note · Context
Discussing the Airport Improvement Program and the passage of S. 2024.
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