To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes.

Summary: Airport and Airway Extension Act of 2012 - (Sec. 2) Amends the Internal Revenue Code to extend through February 17, 2012, increased excise taxes on aviation fuels, the excise tax on air transportation of persons and property, and the expenditure authority for the Airport and Airway Trust Fund.

(Sec. 4) Extends through February 17, 2012: (1) the authorization of appropriations for airport planning and development and noise compatibility planning projects (known as airport improvement projects [AIPs]), and (2) the authority of the Secretary of Transportation (DOT) to make new AIP grants.

(Sec. 5) Extends through February 17, 2012: (1) the pilot program for passenger facility fee authorizations at non-hub airports, and (2) disclosure requirements for large and medium hub airports applying for AIP grants.

Authorizes appropriations to the Secretary through February 17, 2012, to make agreements to provide small community air service assistance to underserved airports.

Directs the Secretary to extend through February 17, 2012, the termination date of insurance coverage for domestic or foreign-flag aircraft. Grants the Secretary discretionary authority to further extend such coverage through May 17, 2012. Extends through May 17, 2012, the authority of the Secretary to limit air carrier liability for claims arising out of acts of terrorism.

Extends through February 17, 2012: (1) grant eligibility for airports located in the Marshall Islands, Micronesia, and Palau; (2) grants to state and local governments for land use compatibility AIPs; and (3) authority for approving an application of the Metropolitan Washington Airports Authority for an airport development grant or for permission to impose a passenger facility fee.

Amends the Vision 100-Century of Aviation Reauthorization Act to extend through February 17, 2012: (1) the temporary increase to 95% of the federal government's share of certain AIP costs, (2) funding for airport development at Midway Island Airport, and (3) the effective period of final orders of the Secretary regarding the eligibility of small communities for essential air service subsidies.

(Sec. 6) Authorizes appropriations to the Federal Aviation Administration (FAA) for the period from October 1, 2011, through February 17, 2012, for: (1) FAA operations; (2) air navigation facilities and equipment; and (3) civil aviation research, engineering, and development.

(Sec. 9) Authorizes appropriations out of the Airport and Airway Trust Fund for the period from October 1, 2011, through February 17, 2012, for the essential air service (EAS) program.

SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Airport and Airway Extension Act of 
2012''.
SEC. 2. EXTENSION OF TAXES FUNDING AIRPORT AND AIRWAY TRUST FUND.
    (a) Fuel Taxes.--Subparagraph (B) of section 4081(d)(2) of the 
Internal Revenue Code of 1986 is amended by striking ``January 31, 
2012'' and inserting ``February 17, 2012''.
    (b) Ticket Taxes.--
        (1) Persons.--Clause (ii) of section 4261(j)(1)(A) of such Code 
    is amended by striking ``January 31, 2012'' and inserting 
    ``February 17, 2012''.
        (2) Property.--Clause (ii) of section 4271(d)(1)(A) of such 
    Code is amended by striking ``January 31, 2012'' and inserting 
    ``February 17, 2012''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on February 1, 2012.
SEC. 3. EXTENSION OF AIRPORT AND AIRWAY TRUST FUND EXPENDITURE 
AUTHORITY.
    (a) In General.--Paragraph (1) of section 9502(d) of the Internal 
Revenue Code of 1986 is amended--
        (1) by striking ``February 1, 2012'' and inserting ``February 
    18, 2012''; and
        (2) by inserting ``or the Airport and Airway Extension Act of 
    2012'' before the semicolon at the end of subparagraph (A).
    (b) Conforming Amendment.--Paragraph (2) of section 9502(e) of such 
Code is amended by striking ``February 1, 2012'' and inserting 
``February 18, 2012''.
    (c) Effective Date.--The amendments made by this section shall take 
effect on February 1, 2012.
SEC. 4. EXTENSION OF AIRPORT IMPROVEMENT PROGRAM.
    (a) Authorization of Appropriations.--
        (1) In general.--Section 48103(9) of title 49, United States 
    Code, is amended to read as follows:
        ``(9) $1,344,535,519 for the period beginning on October 1, 
    2011, and ending on February 17, 2012.''.
        (2) Obligation of amounts.--Subject to limitations specified in 
    advance in appropriation Acts, sums made available for a portion of 
    fiscal year 2012 pursuant to the amendment made by paragraph (1) 
    may be obligated at any time through September 30, 2012, and shall 
    remain available until expended.
    (b) Project Grant Authority.--Section 47104(c) of such title is 
amended by striking ``January 31, 2012,'' and inserting ``February 17, 
2012,''.
SEC. 5. EXTENSION OF EXPIRING AUTHORITIES.
    (a) Section 40117(l)(7) of title 49, United States Code, is amended 
by striking ``February 1, 2012.'' and inserting ``February 18, 2012.''.
    (b) Section 41743(e)(2) of such title is amended by striking ``and 
$2,016,393 for the portion of fiscal year 2012 ending before February 
1, 2012,'' and inserting ``and $2,295,082 for the portion of fiscal 
year 2012 ending before February 18, 2012,''.
    (c) Section 44302(f)(1) of such title is amended--
        (1) by striking ``January 31, 2012,'' and inserting ``February 
    17, 2012,''; and
        (2) by striking ``April 30, 2012,'' and inserting ``May 17, 
    2012,''.
    (d) Section 44303(b) of such title is amended by striking ``April 
30, 2012,'' and inserting ``May 17, 2012,''.
    (e) Section 47107(s)(3) of such title is amended by striking 
``February 1, 2012.'' and inserting ``February 18, 2012.''.
    (f) Section 47115(j) of such title is amended by striking 
``February 1, 2012,'' and inserting ``February 18, 2012,''.
    (g) Section 47141(f) of such title is amended by striking ``January 
31, 2012.'' and inserting ``February 17, 2012.''.
    (h) Section 49108 of such title is amended by striking ``January 
31, 2012,'' and inserting ``February 17, 2012,''.
    (i) Section 161 of the Vision 100--Century of Aviation 
Reauthorization Act (49 U.S.C. 47109 note) is amended by striking 
``February 1, 2012,'' and inserting ``February 18, 2012,''.
    (j) Section 186(d) of such Act (117 Stat. 2518) is amended by 
striking ``February 1, 2012,'' and inserting ``February 18, 2012,''.
    (k) Section 409(d) of such Act (49 U.S.C. 41731 note) is amended by 
striking ``January 31, 2012.'' and inserting ``February 17, 2012.''.
SEC. 6. FEDERAL AVIATION ADMINISTRATION OPERATIONS.
    Section 106(k)(1)(H) of title 49, United States Code, is amended to 
read as follows:
            ``(H) $3,692,555,464 for the period beginning on October 1, 
        2011, and ending on February 17, 2012.''.
SEC. 7. AIR NAVIGATION FACILITIES AND EQUIPMENT.
    Section 48101(a)(8) of title 49, United States Code, is amended to 
read as follows:
        ``(8) $1,044,541,913 for the period beginning on October 1, 
    2011, and ending on February 17, 2012.''.
SEC. 8. RESEARCH, ENGINEERING, AND DEVELOPMENT.
    Section 48102(a)(16) of title 49, United States Code, is amended to 
read as follows:
        ``(16) $64,092,459 for the period beginning on October 1, 2011, 
    and ending on February 17, 2012.''.
SEC. 9. ESSENTIAL AIR SERVICE.
    Section 41742(a)(2) of title 49, United States Code, is amended by 
striking ``and $50,309,016 for the period beginning on October 1, 2011, 
and ending on January 31, 2012,'' and inserting ``and $54,699,454 for 
the period beginning on October 1, 2011, and ending on February 17, 
2012,''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.