Aerospace Industries Association (AIA) President and CEO Eric Fanning recently sent a letter to congressional leaders, urging certain legislative priorities for the remainder of 2024.
The letter emphasized four priorities:
- Passage of all 12 regular appropriations bills in order to fund the Department of Defense, the National Aeronautics and Space Administration, the Federal Aviation Administration (FAA), and other federal agencies
- The House of Representatives to provide additional funds for both defense and non-defense programs in the final appropriations bills
- Passage of the FY25 National Defense Authorization Act
- Restoration of the single-year deductibility of research and development expenses
Conversely, AIA urges Congress not to support any continuing resolutions extending beyond 2024.
“On behalf of the American aerospace and defense industry, which employs millions of Americans and contributes billions to the American economy, the Aerospace Industries Association encourages you to act urgently and jointly to address key priorities when Congress returns from its August district work period,” Fanning said. “Enacting these critical bills will not only protect the health of our industry, which is essential to the economic and national security of the United States, but will also reinforce our country’s resilience and well-being.”