No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, February 26, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Congress is already preparing for the next shutdown, writing a bill to pay air traffic controllers when the parties inevitably clash again

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 4 mins read
A A
Congress is already preparing for the next shutdown, writing a bill to pay air traffic controllers when the parties inevitably clash again
Share on FacebookShare on TwitterShare on LInkedIn



The flight disruptions during the record government shutdown that ended last week inspired a rare act of bipartisanship in Washington on Tuesday, when congressional representatives from both parties introduced legislation that would allow air traffic controllers to get paid during future shutdowns.

The bill proposes funding salaries, operating expenses and other Federal Aviation Administration programs by tapping into a little-used fund with $2.6 billion that was created to reimburse airlines if the government commandeers their planes and they are damaged. The bill’s sponsors, which include four of the top Republicans and Democrats on the House Transportation and Infrastructure Committee, hope that relying on the fund might make their bill more attractive than other proposals because it would limit the potential cost of dolling out paychecks.

U.S. Rep. Sam Graves of Missouri, the GOP chairman of the committee, said in a statement that the bill would help keep the traveling public safe during future shutdowns. The other sponsors include Democratic U.S. Reps. Rick Larsen of Washington and Andre Carson of Indiana, along with Republican U.S. Rep. Troy Nehls of Texas, who leads the aviation subcommittee.

“We all saw that the system can be vulnerable when Congress can’t get its job done,” Graves said. “This bill guarantees that controllers, who have one of the most high-pressure jobs in the nation, will get paid during any future funding lapses and that air traffic control, aviation safety, and the traveling public will never again be negatively impacted by shutdowns.”

The bill’s introduction comes ahead of a scheduled hearing Wednesday by a Senate subcommittee to examine the impacts of the 43-day shutdown on aviation.

But it’s not clear whether this bill — or any similar proposals that have been floating around Congress since the 2019 shutdown — will have a chance to get approved before the next government funding deadline at the end of January. Nearly all the other proposals, including one from U.S. Sen. Jerry Moran of Kansas, would rely on the aviation trust fund that collects money from fees the airlines pay, and the Congressional Budget Office has given those bills a much higher price tag.

Fixes have been proposed, but none approved

Over the years, lawmakers have tried a handful of fixes for a long-term solution to keep air traffic controllers and other essential aviation workers paid during funding lapses. The proposals often gained bipartisan attention, especially after the 35-day shutdown that ended in 2019 during President Donald Trump’s first term, but none made it over the finish line.

Moran’s bill, known as the Aviation Funding Stability Act, for example, is a recurring proposal in Congress that would allow the FAA to tap into the Airport and Airway Trust Fund. Lawmakers in both chambers have reintroduced versions of it over the years, including in 2019 and 2021.

The legislation resurfaced in March when Moran, the Republican chairman of the Senate subcommittee on Aviation, Space, and Innovation, put it forward. It came up again in September, weeks before the shutdown began, when Carson and U.S. Rep. Steve Cohen, also a Democrat, introduced it in the House.

The new bill introduced Tuesday would cut off the money if the insurance fund dips below $1 billion. But Transportation Committee staffers estimate that would still provide enough funding to keep FAA operating for four to six weeks.

Air traffic controllers stretched thin during shutdown

The issue gets so much attention because of all the flight delays and cancellations that happen during a shutdown as more air traffic controllers call out of work. The existing shortage of controllers is so severe that just a few absences in an airport tower or other FAA radar facilities can cause problems.

The controllers — and the FAA technicians who maintain the equipment they rely on — are expected to continue working without pay during a shutdown to keep flights operating. But as the shutdown dragged on this fall, more controllers began calling out of work, citing the financial pressures and the need to take on side jobs.

The delays got so bad during the latest shutdown that the government ordered airlines to cut some of their flights at 40 busy airports nationwide, in what the FAA said was an unprecedented but necessary move to relieve pressure on the system and controllers. Thousands of flights were canceled before the FAA lifted the order entirely and airlines were able to resume normal operations Monday.

Why the insurance fund was created

The fund that the bill introduced Tuesday would use was created years ago to pay for claims an airline might file if the government uses one of its planes for a military operation or other use. But that’s not common anymore.

The last time a claim was made was after America’s withdrawal from Afghanistan in 2021. The fund has continued to grow as it collects interest.

For a time it was also used for an insurance fund at a time when airlines were having trouble getting any insurance coverage after 9/11. For years, airlines paid into the fund regularly to get coverage from the government.

But by the early 2010s the insurance market for airlines had stabilized. Congress let the insurance program expire at the end of 2014.



Source link

Tags: airbillclashcongressControllersInevitablypartiesPaypreparingshutdowntrafficWriting
ShareTweetShare
Previous Post

Mortgage Rates Today, Wednesday, November 19: A Little Lower

Next Post

Quantum ‘Live Possibility’ Before US Election

Related Posts

edit post
Is Jane Street responsible for the Bitcoin slump?

Is Jane Street responsible for the Bitcoin slump?

by TheAdviserMagazine
February 26, 2026
0

It’s been a bad few months for Bitcoin, as prices have fallen over 40% since October. For investors this has...

edit post
Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

Vishal Mega Mart promoter entity likely to sell 6.5% stake via block deal: Report

by TheAdviserMagazine
February 26, 2026
0

Vishal Mega Mart's promoter entity Samayat Services LLP is expected to sell 6.5% stake in the company via a block...

edit post
50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

50 seasons later, ‘Survivor’ bets on nostalgia to win the ratings game

by TheAdviserMagazine
February 26, 2026
0

Last night, Survivor, one of the most successful reality TV shows of all time, kicked off its 50th season, joining the short list of...

edit post
16 agreements signed during Modi’s Israel visit

16 agreements signed during Modi’s Israel visit

by TheAdviserMagazine
February 26, 2026
0

Indian Prime Minister Narendra Modi returned home today after his historic two-day visit to Israel. During his visit, the...

edit post
SHINE Raises 0 Million in Funding to Advance Commercial Fusion Technology

SHINE Raises $240 Million in Funding to Advance Commercial Fusion Technology

by TheAdviserMagazine
February 26, 2026
0

Nuclear fusion group SHINE Technologies said it has raised $240 million in equity funding to advance the company's commercial fusion...

edit post
Mizrahi Tefahot 2025 profit up 3.2%

Mizrahi Tefahot 2025 profit up 3.2%

by TheAdviserMagazine
February 26, 2026
0

Mizrahi Tefahot Bank, managed by CEO Moshe Larry, reported NIS 5.6 billion net profit in 2025, up 3.2% from...

Next Post
edit post
Product Update: Capacity Planning

Product Update: Capacity Planning

edit post
Israeli cybersecurity co Guardio raises m

Israeli cybersecurity co Guardio raises $80m

  • Trending
  • Comments
  • Latest
edit post
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
Where they are investing and how they can maximize returns

Where they are investing and how they can maximize returns

0
edit post
What Is Partner Relationship Management (PRM)? A Complete Guide

What Is Partner Relationship Management (PRM)? A Complete Guide

0
edit post
Is Jane Street responsible for the Bitcoin slump?

Is Jane Street responsible for the Bitcoin slump?

0
edit post
RBC’s U.S. wealth unit defies inflow slump with asset surge

RBC’s U.S. wealth unit defies inflow slump with asset surge

0
edit post
Financial paralysis and how to get moving again

Financial paralysis and how to get moving again

0
edit post
Is Morningstar Worth It? Morningstar Investor Review & Cost Analysis

Is Morningstar Worth It? Morningstar Investor Review & Cost Analysis

0
edit post
Where they are investing and how they can maximize returns

Where they are investing and how they can maximize returns

February 26, 2026
edit post
Is Jane Street responsible for the Bitcoin slump?

Is Jane Street responsible for the Bitcoin slump?

February 26, 2026
edit post
Is Morningstar Worth It? Morningstar Investor Review & Cost Analysis

Is Morningstar Worth It? Morningstar Investor Review & Cost Analysis

February 26, 2026
edit post
RBC’s U.S. wealth unit defies inflow slump with asset surge

RBC’s U.S. wealth unit defies inflow slump with asset surge

February 26, 2026
edit post
Canada Fines Man 0,000 For Saying There Are ONLY 2 Genders

Canada Fines Man $750,000 For Saying There Are ONLY 2 Genders

February 26, 2026
edit post
Bitcoin Adoption Booms While Bear Market Deepens: Watch These Signals

Bitcoin Adoption Booms While Bear Market Deepens: Watch These Signals

February 26, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Where they are investing and how they can maximize returns
  • Is Jane Street responsible for the Bitcoin slump?
  • Is Morningstar Worth It? Morningstar Investor Review & Cost Analysis
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.