Aviation Funding Solvency Act

HR6086, the Aviation Funding Solvency Act, was reported out of the House Committee on Transportation and Infrastructure on December 18, 2025, by voice vote. It is currently awaiting floor action in the 119th Congress. The bill provides a contingent funding mechanism: if an FAA appropriations bill or continuing resolution is not enacted by the start of a fiscal year, the FAA may draw from the Aviation Insurance Revolving Fund (minus a $1B reserve) at the prior fiscal year's rate of operations to continue all programs, projects, and activities. The funding mechanism is a contingency appropriation from an existing revolving fund, not new taxpayer dollars. The Aviation Insurance Revolving Fund is capitalized by premiums from aviation insurance policies and fees. The bill authorizes the FAA to use its balance (minus $1B) as a temporary backstop, not as a permanent funding stream. The FAA must prioritize employee compensation if the fund is insufficient for all programs. This is distinct from an appropriations bill — the act does not allocate new money; it unlocks existing fund balances for a specific emergency purpose. The structural beneficiaries are companies with revenue tied to FAA regulatory throughput: Boeing ($BA) for type certifications and delivery approvals; RTX/Pratt & Whitney and GE Aerospace for engine certifications; and HEICO ($HEI) for PMA parts approvals. These companies face material delivery delays during government shutdowns when FAA inspectors are furloughed. The bill does not create new revenue for these companies — it removes a downside risk. Aerospace aftermarket and MRO providers are also positively exposed because continued FAA operations keep repair stations and parts approvals flowing. No real market data was provided for this analysis. The competitive landscape is established: Boeing and Airbus dominate airframe certification demand; RTX and GE dominate large jet engines; HEICO leads in FAA-approved alternative aircraft parts. The bill is not sector-moving on its own — it is a legislative safety net. Major aerospace defense prime Lockheed Martin ($LMT) is minimally exposed because its F-35 and missile programs involve DOD, not FAA, certification. Legislative timeline: HR6086 has cleared committee and awaits floor scheduling by House leadership. The 119th Congress runs through January 2027. As a bipartisan contingency-mechanism bill (sponsored by a Republican committee chair, Rep. Sam Graves), it has elevated passage odds but remains one vote away from law. It must also pass the Senate and receive presidential signature. No companion Senate bill is listed.