Senate Passes Bill to Modernize FAA, Extend Its Funding

iStockphoto/Thinkstock(WASHINGTON) -- By a vote of 75-20, the Senate Monday night passed the Federal Aviation Administration (FAA) reauthorization conference report.

Most notably, the FAA Modernization Reform Act will extend the funding for the FAA through 2015, investing more than $20 billion in airports and runways in the country and on modern air traffic control equipment.

This marks the first long-term reauthorization of the FAA in almost five years -- the agency has worked under 23 short-term extensions since 2007.  The past extensions have just been in two- or three-month increments, time after time.

“It will finally give the FAA the ability it needs to be a world-class travel system,” Senate Majority Leader Harry Reid, D-Nev., said Monday. “The aviation jobs bill will also create thousands of jobs, about 300,000," Reid said without elaborating. "It will protect airline workers and approve safety for travelers. This legislation will create badly-needed jobs and will give the FAA the ability to finally upgrade the country's air traffic control system.”

The House of Representatives passed the bill last Friday, so it now heads to President Obama’s desk for his signature.

Copyright 2012 ABC News Radio

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