Investing in America: Rebuilding America's Airport Infrastructure Act

To amend title 49, United States Code, to make modifications to the passenger facility charge program administered by the Federal Aviation Administration, and for other purposes. 1. Short title This Act may be cited as the Investing in America: Rebuilding America’s Airport Infrastructure Act 2. Passenger facility charges Section 40117(b) of title 49, United States Code, is amended— (1) in paragraph (1) by striking of $1, $2, or $3 in any amount (2) by striking paragraph (4); (3) by redesignating paragraphs (5), (6), and (7) as paragraphs (4), (5), and (6), respectively; (4) in paragraph (5) (as so redesignated)— (A) by striking specified in paragraphs (1) and (4) specified in paragraph (1) (B) by striking imposed under paragraph (1) or (4) imposed under paragraph (1) (5) in paragraph (6)(A) (as so redesignated)— (A) by striking specified in paragraphs (1), (4), and (6) specified in paragraphs (1) and (5) (B) by striking imposed under paragraph (1) or (4) imposed under paragraph (1) 3. Airport improvement program (a) Funding Section 48103(a) of title 49, United States Code, is amended by striking $3,350,000,000 $2,950,000,000 for each of fiscal years 2018 through 2021 (b) Apportionments Section 47114 of title 49, United States Code, is amended— (1) by striking $3,200,000,000 $2,950,000,000 (2) in subsection (f)— (A) in paragraph (1) by striking paragraph (3) paragraph (4) (B) by redesignating paragraphs (2) and (3) as paragraphs (3) and (4), respectively; (C) by inserting after paragraph (1) the following: (2) Special rule for certain large hub airports Subject to paragraph (4), and in lieu of the reduction under paragraph (1), an amount that would be apportioned under this section (other than amounts apportioned under subsection (c)(2)) in a fiscal year to the sponsor of an airport having at least 1.0 percent of the total number of boardings each year in the United States and for which a charge of more than $4.50 is imposed in the fiscal year under section 40117 shall be reduced by an amount equal to— (A) except as provided in subparagraph (B), 100 percent of the projected revenues from the charge in the fiscal year but not by more than 100 percent of the amount that otherwise would be apportioned under this section; or (B) with respect to an airport in Hawaii, 100 percent of the projected revenues from the charge in the fiscal year but not by more than 100 percent of the excess of— (i) the amount that otherwise would be apportioned under this section; over (ii) the amount equal to the amount specified in clause (i) multiplied by the percentage of the total passenger boardings at the applicable airport that are comprised of interisland passengers. ; (D) in paragraph (3) (as so redesignated) by striking paragraph (1) paragraph (1) or (2) (E) in paragraph (4) (as so redesignated)— (i) in subparagraph (A)— (I) by striking .25 percent 1.0 percent (II) by striking paragraph (1) paragraph (2) (ii) in subparagraph (B) by striking fiscal year 2004 fiscal year 2018 and each fiscal year thereafter (c) Use of apportioned amounts Section 47117(e)(1)(C) of title 49, United States Code, is amended by striking $3,200,000,000 $2,950,000,000

Summary: Investing in America: Rebuilding America's Airport Infrastructure Act This bill reauthorizes through FY2021 and revises the Airport Improvement Program. Specifically, the bill: (1) eliminates the federal cap on passenger facility charges (local user fees) of $4.50 per enplanement; and (2) with respect to large hub airports that increase such charges beyond $4.50 per enplanement, provides for corresponding reductions in program grant funding.