The Federal Aviation Administration (FAA) is an agency of the United States Department of Transportation with authority to regulate and oversee all aspects of civil aviation in the U.S. The Federal Aviation Act of 1958 created the group under the name "Federal Aviation Agency", and adopted its current name in 1967 when it became a part of the United States Department of Transportation. The FAA is the single most influential governmentally-run aviation agency in the world, with the European Aviation Safety Agency in a close second.