Improving the aviation security capital fund

Section 44923(h) of title 49, United States Code, is amended to read as follows: (h) Aviation Security Capital Fund (1) In general There is established within the Department of Homeland Security a fund to be known as the Aviation Security Capital Fund (in this subsection referred to as the Fund). (2) Source of funding (A) In each of fiscal years 2004 through 2025 the first $250,000,000 derived from fees received under section 44940(a)(1) shall be available to be deposited in the Fund in paragraph (1). The Administrator of the Transportation Security Administration shall impose the fee authorized by section 44940(a)(1) so as to collect at least $250,000,000 in each of such fiscal years for deposit into the Fund; and (B) Beginning in fiscal year 2026, and for each fiscal year thereafter, the first $500,000,000 derived from fees received under section 44940(a)(1) shall be available to be deposited in the Fund under paragraph (1). The Administrator of the Transportation Security Administration shall impose the fee authorized by section 44940(a)(1) so as to collect at least $500,000,000 in each of such fiscal years for deposit into the Fund. (3) Grant authority Amounts in the Fund shall be available to the Administrator of the Transportation Security Administration to make grants under this section..