114th CONGRESS 2d Session H.R. 4721 In the Senate of the United States, March 17, 2016. Amendment:

That the bill from the House of Representatives (H.R. 4721) entitled An Act to amend title 49, United States Code, to extend authorizations for the airport improvement program, to amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, and for other purposes. , do pass with the following Strike all after the enacting clause and insert the following: 1. Short title; table of contents (a) Short title This Act may be cited as the Airport and Airway Extension Act of 2016 . (b) Table of contents The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I—Airport and Airway Programs Sec. 101. Extension of airport improvement program. Sec. 102. Extension of expiring authorities. Sec. 103. Federal Aviation Administration operations. Sec. 104. Air navigation facilities and equipment. Sec. 105. Research, engineering, and development. Sec. 106. Compliance with aviation funding requirement. Sec. 107. Essential air service. TITLE II—Revenue Provisions Sec. 201. Expenditure authority from Airport and Airway Trust Fund. Sec. 202. Extension of taxes funding Airport and Airway Trust Fund. I Airport and Airway Programs 101. Extension of airport improvement program (a) Authorization of appropriations (1) In general Section 48103(a) of title 49, United States Code, is amended by striking $1,675,000,000 for the period beginning on October 1, 2015, and ending on March 31, 2016 and inserting $2,652,083,333 for the period beginning on October 1, 2015, and ending on July 15, 2016. . (2) Obligation of amounts Subject to limitations specified in advance in appropriation Acts, sums made available pursuant to the amendment made by paragraph (1) may be obligated at any time through September 30, 2016, and shall remain available until expended. (3) Program implementation For purposes of calculating funding apportionments and meeting other requirements under sections 47114, 47115, 47116, and 47117 of title 49, United States Code, for the period beginning on October 1, 2015, and ending on July 15, 2016, the Administrator of the Federal Aviation Administration shall— (A) first calculate such funding apportionments on an annualized basis as if the total amount available under section 48103 of such title for fiscal year 2016 were $3,350,000,000; and (B) then reduce by 20.83 percent— (i) all funding apportionments calculated under subparagraph (A); and (ii) amounts available pursuant to sections 47117(b) and 47117(f)(2) of such title. (b) Project grant authority Section 47104(c) of title 49, United States Code, is amended, in the matter preceding paragraph (1), by striking March 31, 2016, and inserting July 15, 2016, . 102. Extension of expiring authorities (a) Section 47107(r)(3) of title 49, United States Code, is amended by striking April 1, 2016 and inserting July 16, 2016 . (b) Section 47115(j) of title 49, United States Code, is amended by striking March 31, 2016 and inserting July 15, 2016 . (c) Section 47124(b)(3)(E) of title 49, United States Code, is amended by striking $5,175,000 for the period beginning on October 1, 2015, and ending on March 31, 2016, and inserting $8,193,750 for the period beginning on October 1, 2015, and ending on July 15, 2016, . (d) Section 47141(f) of title 49, United States Code, is amended by striking March 31, 2016 and inserting July 15, 2016 . (e) Section 186(d) of the Vision 100—Century of Aviation Reauthorization Act (117 Stat. 2518) is amended by striking March 31, 2016 and inserting July 15, 2016 . (f) Section 409(d) of the Vision 100—Century of Aviation Reauthorization Act ( 49 U.S.C. 41731 note) is amended by striking March 31, 2016 and inserting July 15, 2016 . (g) Section 411(h) of the FAA Modernization and Reform Act of 2012 (49 U.S.C. 42301 prec. note) is amended by striking March 31, 2016 and inserting July 15, 2016 . (h) Section 822(k) of the FAA Modernization and Reform Act of 2012 ( 49 U.S.C. 47141 note) is amended by striking March 31, 2016 and inserting July 15, 2016 . 103. Federal Aviation Administration operations Section 106(k) of title 49, United States Code, is amended— (1) in paragraph (1), by amending subparagraph (E) to read as follows: (E) $7,711,387,500 for the period beginning on October 1, 2015, and ending on July 15, 2016. ; and (2) in paragraph (3) by striking March 31, 2016 and inserting July 15, 2016 . 104. Air navigation facilities and equipment Section 48101(a)(5) of title 49, United States Code, is amended to read as follows: (5) $2,058,333,333 for the period beginning on October 1, 2015, and ending on July 15, 2016. . 105. Research, engineering, and development Section 48102(a)(9) of title 49, United States Code, is amended to read as follows: (9) $124,093,750 for the period beginning on October 1, 2015, and ending on July 15, 2016. . 106. Compliance with aviation funding requirement The budget authority authorized in this Act, including the amendments made by this Act, shall be deemed to satisfy the requirements of subsections (a)(1)(B) and (a)(2) of section 48114 of title 49, United States Code, for the period beginning on October 1, 2015, and ending on July 15, 2016. 107. Essential air service Section 41742(a)(2) of title 49, United States Code, is amended by striking $77,500,000 for the period beginning on October 1, 2015, and ending on March 31, 2016, and inserting $122,708,333 for the period beginning on October 1, 2015, and ending on July 15, 2016, . II Revenue Provisions 201. Expenditure authority from Airport and Airway Trust Fund (a) In general Section 9502(d)(1) of the Internal Revenue Code of 1986 is amended— (1) in the matter preceding subparagraph (A), by striking April 1, 2016 and inserting July 16, 2016 ; and (2) in subparagraph (A), by striking the semicolon at the end and inserting or the Airport and Airway Extension Act of 2016 ; . (b) Conforming amendment Section 9502(e)(2) of such Code is amended by striking April 1, 2016 and inserting July 16, 2016 . 202. Extension of taxes funding Airport and Airway Trust Fund (a) Fuel taxes Section 4081(d)(2)(B) of the Internal Revenue Code of 1986 is amended by striking March 31, 2016 and inserting July 15, 2016 . (b) Ticket taxes (1) Persons Section 4261(k)(1)(A)(ii) of such Code is amended by striking March 31, 2016 and inserting July 15, 2016 . (2) Property Section 4271(d)(1)(A)(ii) of such Code is amended by striking March 31, 2016 and inserting July 15, 2016 . (c) Fractional ownership programs (1) Treatment as non-commercial aviation Section 4083(b) of such Code is amended by striking April 1, 2016 and inserting July 16, 2016 . (2) Exemption from ticket taxes Section 4261(j) of such Code is amended by striking March 31, 2016 and inserting July 15, 2016 .

Secretary