Jeff Foust writes the restrictions on the FAAâs commercial space regulations would end on Oct. 1.
The Spurring Private Aerospace Competitiveness and Entrepreneurship Act aims to prolong what is called the “learning period” to the end of 2023 in order to conduct studies on the commercial spaceflight industryâs voluntary consensus standards and an independent review by the end of 2021, according to the report.
That measure also seeks to hold the government accountable for third-party damages beyond insurance coverage between the end of 2016 and the end of 2023, Space News reports.
During its markup session, the House science committee also tackled the Space Resource Exploration and Utilization Act, which would declare a company that conducts asteroid mining as the owner of that property, Foust reports.
Two other bills that would require the commerce secretary to submit annual reports on commercial remote sensing license applications and rename the Commerce Departmentâs Office of Space Commercialization to the Office of Space Commerce were also on the committeeâs agenda, the report says.