A statute enacted in 1925 that provides the basic legal principles applicable to arbitration in the US (9 USC §§ 1-16; 9 USC §§ 201-208; 9 USC §§ 301-307). The Federal Arbitration Act or FAA, is an act of Congress that provides for non-judicial facilitation of private dispute resolution through arbitration.Question: The Federal Arbitration Act of 1925 requires that all contracts for arbitration be treated as any other contract at common law. At any time within one year after the award is made any party to the arbitration may apply to the court so specified for an order confirming the award. The goal was to eliminate the expense and delay of extended court proceedings. This resulted in the policy that federal courts favor arbitration. The FAA was enacted in 1925 in response to a long-standing judicial hostility to arbitration. Enacted in 1925, the Federal Arbitration Act (FAA) seeks to ensure the validity and enforcement of arbitration agreements in any maritime transaction. However, starting in the 1980s, this all changed. Before Congress passed the Federal Arbitration Act in 1925, courts routinely refused to enforce arbitration agreements.