The Federal Aviation Act Of 1958 

The Federal Aviation Act of 1958 did away with the Civil Aeronautics Administration and established the Federal Aviation Administration (FAA). In addition, the Act transferred the authority to set aviation regulations from the Civil Aeronautics Board to the FAA. This Act grants the FAA sole responsibility for the nation's civil-military system of air navigation and air traffic control. Today, the aviation regulations are known as the FARs (Federal Aviation Regulations).