The Senate today and House of Representatives yesterday approved H.R. 3614, the “Airport and Airway Extension Act of 2015," clearing the way for the bill to be sent to the White House for action by the president. The bill would extend through March 31, 2016, certain taxes and tax rates that are dedicated to the airport and airway trust fund.
In particular, H.R. 3614 would extend:
The House passed H.R. 3614 under "suspension of the rules"—a procedure that requires the vote of at least two-thirds of voting members to pass a bill. The Senate approved the bill by unanimous consent.
The revenue provisions to be extended by the bill are scheduled to expire at the end of the day, Wednesday, September 30. Now that both the House and Senate have approved legislation extending the provisions, the president must sign the legislation for the extensions to become law, and not lapse.
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