This Act may be cited as the Funding for Aviation Screeners and Threat Elimination Restoration Act or the FASTER Act.

(a) Repeal Section 44940 of title 49, United States Code, is amended— (1) in subsection (c), by striking paragraph (3); (2) in subsection (f)— (A) by striking the heading and all that follows through title 31, and inserting Deposit and availability of fee.— Notwithstanding sections 1341, 1512 through 1519, and 3302 of title 31,; (B) by striking paragraph (1); (C) by redesignating paragraphs (2) and (3) as paragraphs (1) and (2), respectively; and (D) by amending paragraph (1), as so redesignated, to read as follows: (1) shall be deposited into a separate account in the Treasury, which shall be available to the Administrator for expenditure notwithstanding any other law, including any provision of section 1341(a)(1) of title 31 (commonly referred to as the Anti-Deficiency Act), only to pay the costs of activities and services for which the fee is imposed; and; and (3) by striking subsection (i). (b) Conforming amendment Subsection (d)(4) of such section is amended by striking, other than subsection (i),.