Biden Set to Enact FAA Reauthorization
May 16, 2024House lawmakers overwhelmingly passed legislation to reauthorize the Federal Aviation Administration (FAA) through 2028, sending the bill to President Biden’s desk for signature ahead of Friday’s deadline. With FAA checked off, lawmakers will now shift their attention to work on other “must pass” legislative items such as fiscal year (FY) 2025 appropriations and the National Defense Authorization Act (NDAA) — both of which could be leveraged as vehicles to carry other bipartisan efforts before the 118th Congress closes out. However, much remains to be seen pending the outcome of the 2024 presidential election.
- Today in Congress. House lawmakers are set to take up three GOP-sponsored bills that would: (1) block the administration from withholding Israel security assistance; (2) allow qualified off-duty and retired officers carry concealed firearms in more areas subject to federal prohibition; and (3) require the Attorney General to study the effect border migration is having on law enforcement. Meanwhile, senators will take up a resolution that seeks to negate a Securities and Exchange Commission (SEC) Staff Accounting Bulletin that requires public companies to include digital assets they hold for clients on their balance sheets.