U.S. Commercial Space Launch Competitiveness Act Now Law

In an effort to encourage innovation and establish regulatory guidelines in the commercial space industry, the House of Representatives passed the U.S. Commercial Space Launch Competitiveness Act on November 16.  President Obama signed the bill into law last week.

An earlier version of the bill allowed companies to claim resources from asteroids, and the final version was expanded to apply to resources from other celestial bodies as well.  Sen. Ted Cruz (R-Texas), who sponsored the bill, called it “a framework in which the American people can innovate and create private commercial, scientific, and cultural enterprises that can extend our reach throughout the cosmos.”
Read the article in SpaceNews and the release from the Cruz Press Office.