About the bill
The Federal Aviation Act of 1958 was an act of the United States Congress, (signed by President Dwight D. Eisenhower), that created the Federal Aviation Agency (later the Federal Aviation Administration or the FAA) and abolished its predecessor, the Civil Aeronautics Administration (CAA). The act empowered the FAA to oversee and regulate safety in the airline industry and the use of American airspace by both military aircraft and civilian aircraft.
This summary is from Wikipedia.
Sponsor and status
85th Congress (1957–1958)
Enacted on Aug 23, 1958