FASTER Act

Bill: 117-s-2717
Sponsor: full_name: Sen. Markey, Edward J. [D-MA]
Introduced: 2021-09-13
Policy area: Transportation and Public Works
Latest action: action_date: 2021-09-13
text: Read twice and referred to the Committee on Commerce, Science, and Transportation.

Summaries:
action_date: 2021-09-13
action_desc: Introduced in Senate
text: <p><strong>Funding for Aviation Screeners and Threat Elimination Restoration Act or the FASTER Act</strong></p> <p>This bill repeals the requirement that a portion of aviation security service fees collected from passengers be credited as offsetting receipts and deposited in the general fund of the Treasury. It requires such fees to be deposited into a separate account in the Treasury for expenditure to pay only the costs of activities and services for which the fee is imposed (i.e., aviation security screening).</p>

tv_txt: II 117th CONGRESS 1st Session S. 2717 IN THE SENATE OF THE UNITED STATES September 13, 2021 Mr. Markey (for himself and Mr. Blumenthal ) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To amend title 49, United States Code, to ensure that revenues collected from passengers as aviation security fees are used to help finance the costs of aviation security screening by repealing a requirement that a portion of such fees be credited as offsetting receipts and deposited in the general fund of the Treasury.

1. Short title This Act may be cited as the Funding for Aviation Screeners and Threat Elimination Restoration Act or the FASTER Act . 2. Repeal of requirement regarding crediting and deposit of a portion of aviation security fees (a) Repeal Section 44940 of title 49, United States Code, is amended— (1) in subsection (c), by striking paragraph (3); (2) in subsection (f)— (A) by striking the heading and inserting Deposit and availability of fee.— ; (B) by striking paragraph (1); (C) by redesignating paragraphs (2) and (3) as paragraphs (1) and (2), respectively; and (D) by amending paragraph (1), as so redesignated, to read as follows: (1) shall be deposited into a separate account in the Treasury, which shall be available to the Administrator for expenditure only to pay the costs of activities and services for which the fee is imposed; and ; and (3) by striking subsection (i). (b) Conforming amendment Subsection (d)(4) of such section is amended by striking , other than subsection (i), .