Commercial Space Bill Passed, Allows Asteroid/Moon Mining Goes to President for Signing

The House of Representatives has approved the U.S. Commercial Space Launch Competitiveness Act, paving the way for it to be sent to President Barack Obama for signature. The Senate approved an identical measure last week.

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Space Resource Exploration and Utilization

Establishes a legal right to resources a U.S. citizen may recover in space consistent with current law and international obligations of the United States. Directs the President to facilitate and promote the space resource exploration and recovery.

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Identifies Appropriate Oversight for the Commercial Development of Space

Directs the Office of Science and Technology Policy, in consultation with the Department of Transportation, Secretary of State, NASA and other relevant Federal agencies, to assess and recommend approaches for oversight of commercial non-governmental activities conducted in space that would prioritize safety, utilize existing authorities, minimize burdens on industry, promote the U.S. commercial space sector, and meet U.S. obligations under international treaties.

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