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Airline Deregulation Act; Long title: An Act to amend the Federal Aviation Act of 1958, to encourage, develop, and attain an air transportation system which relies on competitive market forces to determine the quality, variety, and price of air services, and for other purposes. Enacted by: the 95th United States Congress: Citations; Public law
In the early days of interstate air travel, the prevalent thought at the time was that government regulation was necessary to protect and promote the fledgling industry. For example, the then dominant rail industry was forbidden from a financial interest in airlines to prevent them from smothering competition in the industry. [5]
Jet travel was nascent at this time, prompting the passage of the Federal Aviation Act of 1958. The legislation gave the CAA's functions to a new independent body, the Federal Aviation Agency . The act transferred safety rulemaking from CAB to the new FAA (the CAB continued), and also made the FAA responsible for a common civil-military system ...
During a government shutdown, the U.S. air travel system would be "hampered by more flight delays, longer screening lines and setbacks in air travel modernization," the group said.
A government shutdown is estimated to cost the country's travel economy as much as $140 million per day, according to an analysis for the U.S. Travel Association.
The Air Commerce Act of May 20, 1926, is the cornerstone of the U.S. federal government's regulation of civil aviation. This landmark legislation was passed at the urging of the aviation industry, whose leaders believed the airplane could not reach its full commercial potential without federal action to improve and maintain safety standards.
The account is also used to reimburse the federal government for official aircraft used to transport the president, the first lady, the vice president and the second gentleman when they travel for ...
The purpose of the FRA is to promulgate and enforce rail safety regulations, administer railroad assistance programs, conduct research and development in support of improved railroad safety and national rail transportation policy, provide for the rehabilitation of Northeast Corridor rail passenger service, and consolidate government support of ...