Commercial Space Launch Competitiveness Act of 2015
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| Other short titles | U.S. Commercial Space Launch Competitiveness Act, Space Resource Exploration and Utilization Act of 2015 |
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| Long title | To facilitate a pro-growth environment for the developing commercial space industry by encouraging private sector investment and creating more stable and predictable regulatory conditions, and for other purposes |
| Nicknames | SPACE Act of 2015 |
| Enacted by | the 114th United States Congress |
| Effective | 25 November 2015 |
| Citations | |
| Public law | Pub. L. 114–90 (text) (PDF) |
| Legislative history | |
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The United States Government updated US commercial space legislation with the passage of the SPACE Act of 2015 in November 2015.[1] The full name of the act is Spurring Private Aerospace Competitiveness and Entrepreneurship Act of 2015.
The update to US law explicitly allows "US citizens to engage in the commercial exploration and exploitation of 'space resources' [including ... water and minerals]." The right does not extend to biological life, so anything that is alive may not be exploited commercially.[2] The Act further asserts that "the United States does not [(by this Act)] assert sovereignty, or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body." [2]
The SPACE Act includes the extension of indemnification of US launch providers for extraordinary catastrophic third-party losses of a failed launch through 2025, while the previous indemnification law was scheduled to expire in 2016. The Act also extends, through 2025, the "learning period" restrictions which limit the ability of the Federal Aviation Administration (FAA) to enact regulations regarding the safety of spaceflight participants.[3]
Indemnification for extraordinary third-party losses has, as of 2015, been a component of US space law for over 25 years, and during this time, "has never been invoked in any commercial launch mishap."[3]
Legislative history
The House of Representatives had passed the legislation in May 2015[4] and the Senate subsequently passed similar legislation.[5]— The legislation was reconciled between the House of Representatives and the Senate and moved to the executive branch for signing or vetoing before 20 November 2015.[6][7] The President signed the legislation into law on 25 November 2015.[1]
References
- ^ a b "H.R.2262 - 114th Congress (2015-2016): U.S. Commercial Space Launch Competitiveness Act". congress.gov. 25 November 2015. Retrieved 30 November 2015.
- ^ a b "Space Act of 2015: American companies could soon mine asteroids for profit (Wired UK)". Wired UK. Retrieved 30 November 2015.
- ^ a b Foust, Jeff (2015-05-26). "Congress launches commercial space legislation". The Space Review. Space News. Retrieved 2 June 2015.
- ^ "The Potential $100 Trillion Market For Space Mining". TechCrunch. 2015. Retrieved 10 July 2015.
- ^ Tuttle, Kasey (2015-11-13). "Senate approves bill to legalize space mining". JURIST. Retrieved 16 November 2015.
- ^ "CSF Applauds House Passage of Visionary, Comprehensive, and Bipartisan Commercial Space Legislation". commercialspaceflight.org. 2015-11-17. Retrieved 30 November 2015.
- ^ "Bill's passage could spur rocket business on Space Coast". Orlando Sentinel. 17 November 2015. Retrieved 30 November 2015.