A five-year battle to provide long-term direction and funding for the FAA came to an end February 14, as President Barack Obama signed H.R. 658, the FAA Modernization and Reform Act of 2012 into law. "NBAA is pleased the FAA will at last have the necessary, long-term authorization in place to ensure the U.S. air transportation system remains the largest, safest and most efficient in the world," said NBAA President and CEO Ed Bolen. "We thank the President, and lawmakers in both the House and Senate, in working to bring this measure to a successful resolution." The bill provides $63.4 billion to fund the agency through 2015, including approximately $11 billion towards the FAA's proposed Next Generation ("NextGen") air traffic control system.
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