• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Airline industry

This lawmaker has a very controversial plan to fix air travel

By
Chris Matthews
Chris Matthews
Down Arrow Button Icon
By
Chris Matthews
Chris Matthews
Down Arrow Button Icon
June 15, 2015, 8:45 AM ET
US-FRANCE-AVIATION-THREAT-AIRFRANCE
An aircraft takes off from New York's John F. Kennedy Airport against a hazy backdrop of the city skyline, May 25, 2015, after US warplanes were scrambled to escort an Air France passenger jet flying from Paris to New York, officials said, following one of several threats against commercial aircraft which proved to be unfounded. Flight AF022 landed at JFK airport without incident after being escorted to land by two F-15 fighter jets ordered to accompany the aircraft as a precaution by NORAD, the joint US-Canadian monitoring force. The FBI said in a statement the plane was searched upon landing and the threat had turned out to be false. AFP PHOTO/ TREVOR COLLENS (Photo credit should read TREVOR COLLENS/AFP/Getty Images)Photograph by Trevor Collens — AFP/Getty Images

A powerful Pennsylvania lawmaker is set to propose changes to America’s air traffic control system that would turn it into “a federally chartered, independent, nonprofit corporation,” according to a report Monday on Bloomberg News.

The move, if approved, would be “the most far-reaching change since the current structure was created in the 1950s,” Bloomberg said.

It’s not often that legislation is thought to have a chance of becoming law in today’s divided Washington, but House Transportation and Infrastructure Committee Chairman Bill Shuster, who is author of the proposed legislation, thinks that the current political climate would support his plan, according to Bloomberg.

That’s because FAA funding has been imperiled by the sort of budgetary feuding that has led to two government shutdowns since 2011, and led to significant delays at airports back in 2013. Congress was criticized two years ago for quickly coming to a compromise to end furloughs at the FAA while ignoring other programs such as Medicaid and Head Start, because Congresspeople are directly affected by airport wait times.

Congress’ unique interest in the smooth functioning of the nation’s airports is perhaps one reason Shuster is confident his bill will make it through a fractious legislature. It also may help that other countries, from Canada to Germany, have initiated such reforms with some success. If the bill gains steam, companies from Harris Corp. (HRS) to Lockheed Martin Corp.(LMT) and Raytheon Co.(RTN) will likely oppose it, according to Bloomberg. These firms are involved in a multi-billion dollar upgrade of the nation’s air traffic controller system, and don’t want to see reforms that would complicate the process.

About the Author
By Chris Matthews
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Jeffrey Sprecher, President and Founder, CEO of Intercontinental Exchange
SuccessBillionaires
Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $98 billion giant
By Emma BurleighJanuary 16, 2026
6 hours ago
Walmart International president and CEO Kathryn McLay speaks at Coins2Day Most Powerful Women Summit on Oct. 10, 2023.
NewslettersMPW Daily
Walmart’s leadership shakeup sees one female CEO contender leave—and another up-and-coming exec climb higher up the ladder
By Emma HinchliffeJanuary 16, 2026
6 hours ago
C-SuiteCoins2Day 500 Power Moves
Coins2Day 500 Power Moves: Which executives gained and lost power this week
By Coins2Day EditorsJanuary 16, 2026
6 hours ago
Kevin O'Leary
SuccessThe Interview Playbook
Shark Tank’s Kevin O’Leary warns job seekers he’ll throw your resume ‘straight in the garbage’ if you have bad WiFi
By Preston ForeJanuary 16, 2026
6 hours ago
SuccessCareer Advice
Jensen Huang tells Stanford students their high expectations may make it hard for them to succeed: ‘I wish upon you ample doses of pain and suffering’
By Orianna Rosa RoyleJanuary 16, 2026
7 hours ago
Sophia Kianni and Phoebe Gates attend the alice + olivia By Stacey Bendet Pride Event With Performance By Paris Hilton on June 13, 2024 in New York City. (Photo by Dimitrios Kambouris/Getty Images for alice + olivia)
SuccessWomen
Melinda French Gates told her daughter Phoebe to ‘get up or get out the game’ when investors kept asking about her plans to have kids
By Eleanor PringleJanuary 16, 2026
7 hours ago

Most Popular

placeholder alt text
Europe
Americans have been quietly plundering Greenland for over 100 years, since a Navy officer chipped fragments off the Cape York iron meteorite
By Paul Bierman and The ConversationJanuary 14, 2026
2 days ago
placeholder alt text
Health
The head of marketing at Slate posted on LinkedIn requesting cleaning services as a benefit at her company. The next day, HR answered her call
By Sydney LakeJanuary 15, 2026
2 days ago
placeholder alt text
Personal Finance
Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax
By Nick LichtenbergJanuary 14, 2026
2 days ago
placeholder alt text
Economy
America’s $38 trillion national debt is so big the nearly $1 trillion interest payment will be larger than Medicare soon
By Shawn TullyJanuary 15, 2026
2 days ago
placeholder alt text
Politics
One year after Bill Gates surprised with the choice to close his foundation by 2045, he's cutting staff jobs
By Stephanie Beasley and The Associated PressJanuary 14, 2026
2 days ago
placeholder alt text
Economy
California's wealth tax doesn't fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on
By Nick LichtenbergJanuary 14, 2026
2 days ago

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.