Sec. 503. RETURN ON INVESTMENT REPORT
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## SEC. 503 RETURN ON INVESTMENT REPORT **[**[49 U.S.C. 40101 note](/us/usc/t49/s40101)**]** ###
(a)In General Not later than 1 year after the date of enactment of this Act, and annually thereafter until the date that each NextGen program has a positive return on investment, the Administrator shall submit to the appropriate committees of Congress a report on the status of each NextGen program, including the most recent NextGen priority list under subsection (c). ###
(b)Contents The report under subsection
(a)shall include, for each NextGen program— ####
(1)an estimate of the date the program will have a positive return on investment; ####
(2)an explanation for any delay in the delivery of expected benefits from previously published estimates on delivery of such benefits, in implementing or utilizing the program; ####
(3)an estimate of the completion date; ####
(4)an assessment of the long-term and near-term user benefits of the program for— #####
(A)the Federal Government; and #####
(B)the users of the national airspace system; and ####
(5)a description of how the program directly contributes to a safer and more efficient air traffic control system. ###
(c)NextGen Priority List Based on the assessment under subsection (a), the Administrator shall— ####
(1)develop, in coordination with the NextGen Advisory Committee and considering the need for a balance between long-term and near-term user benefits, a prioritization of the NextGen programs; ####
(2)annually update the priority list under paragraph (1); and ####
(3)prepare budget submissions to reflect the current status of NextGen programs and projected returns on investment for each NextGen program. ###
(d)Definition of Return on Investment In this section, the term “return on investment” means the cost associated with technologies that are required by law or policy as compared to the financial benefits derived from such technologies by a government or a user of airspace. ###
(e)Repeal of NextGen Priorities Section 202 of the FAA Modernization and Reform Act of 2012 (Public Law 112-95; 49 U.S.C. 40101 note) and the item relating to that section in the table of contents under section 1(b) of that Act are repealed.
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- Pub. L. 112-95
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