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Got A Spare 21 Billion?? -- CBO Says H.R. 2997 Would be Costly

Congressional Budget Office Proves AIRR Act Would Be A Budget Buster! The nation's CBO says that H.R. 2997 would be costly -- as noted in the attached summary published late this week. Summary: H.R. 2997 would establish a federally chartered, not-for-profit corporation (known as the American Air Navigation Services (AANS) Corporation) to assume responsibility for operating the U.S. air traffic control system, a function currently performed by the Federal Aviation Administration (FAA). The proposed corporation would be governed by a 13-member board of directors composed of individuals representing certain aviation stakeholder groups. To finance the costs of providing air traffic services, the bill would authorize the corporation to charge fees to users of such services and to issue debt.

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