Small Airport Regulation Relief Act of 2023

This bill changes how small airports receive federal funding by modifying the calculation method for fiscal years 2024-2026. It directly affects airports with fewer than 10,000 annual passenger boardings in the relevant year but that had at least 10,000 boardings in 2019. Instead of using the standard funding formula, qualifying airports would receive funding based on their highest passenger count from 2019, 2020, or 2021. The bill aims to provide more stable funding for airports significantly impacted by pandemic-era travel declines. This is a concrete policy change to the existing airport funding allocation process.