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Market
Industry Rating of FAA Bill's Effectiveness by End of 2024
5
Resolution / Starting Odds
Highly Effective • 33%
Moderately Effective • 33%
Ineffective • 34%
Industry surveys, major aviation entity reports
Story
Senate Passes $105 Billion Five-Year FAA Bill with 88-4 Vote
May 10, 2024, 12:20 AM
The U.S. Senate has successfully passed a significant five-year reauthorization bill for the Federal Aviation Administration (FAA), just ahead of the looming deadline on May 10. This legislative action, which concluded with an 88-4 vote, aims to enhance aviation safety, bolster consumer protections, and support the aviation workforce. The bill allocates $105 billion towards these initiatives, including provisions for flight testing, research and development, and maintaining high standards in pilot training. Additionally, the Senate approved an interim bill and aligned with the House to ensure there is no lapse in FAA operations. The passage of this bill marks the culmination of 14 months of negotiations and is seen as a critical step in ensuring the continued safety and efficiency of the U.S. aviation system. The bill now moves to the House for further approval.
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Mostly pass • 33%
Mostly fail • 33%
Mixed outcomes • 34%
Approved • 33%
Partially Approved • 33%
Rejected • 33%
Significant Reduction • 33%
Moderate Reduction • 34%
No Impact • 33%
High Compliance (>90%) • 25%
Moderate Compliance (70-90%) • 25%
Low Compliance (50-70%) • 25%
Very Low Compliance (<50%) • 25%
Highly effective • 25%
Somewhat effective • 25%
Ineffective • 25%
Not sure • 25%
High Compliance • 25%
Moderate Compliance • 25%
Low Compliance • 25%
Non-Compliance • 25%
Highly effective • 33%
Moderately effective • 33%
Ineffective • 34%
Fully implemented • 33%
Partially implemented • 34%
Not implemented • 33%
Highly effective (>50% reduction) • 33%
Moderately effective (10-50% reduction) • 33%
Ineffective (<10% reduction) • 34%
Highly effective • 33%
Moderately effective • 33%
Ineffective • 33%