EconomyInfrastructureRisk Management

US Congress passes bill providing FAA billions for air traffic control overhaul

The U.S. Congress has passed a major spending and tax bill allocating $12.5 billion to modernize the FAA’s air traffic control (ATC) system, addressing long-standing funding issues that have stalled progress on the NextGen program for over two decades. While the funding won’t cover the entire project, it provides crucial long-term support, aiming to enhance safety and efficiency following recent equipment failures and a deadly collision. The bill also shortens the timeline for clean hydrogen tax credits, moving the eligibility deadline from 2033 to 2028.

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