WASHINGTON, D.C. (Ted Cruz PR) – U.S. Sen. Ted Cruz (R-Texas), ranking member of the Senate Subcommittee on Aviation Safety, Operations, and Innovation, along with Marco Rubio (R-Fla.), Rick Scott (R-Fla.), Roger Wicker (R-Miss.), Dianne Feinstein (D-Calif.), and Alex Padilla (D-Calif.), today introduced the bipartisan, bicameral American Space Commerce Act. At a time when the U.S. has steadily decreased its dependence on foreign rockets and launch infrastructure, the American Space Commerce Act would continue to bolster U.S. leadership in the space industry, enhance public-private partnerships with American companies, and further increase U.S. innovation. In addition, U.S. Rep. Bill Posey (R-Fla.) introduced companion legislation in the House of Representatives. This bill was introduced previously in June 2020.
Upon introduction, Sen. Cruz said:
“America’s ingenuity and leadership in space is crucial, and our commercial partners are continually playing a huge role in expanding access to the final frontier. The American Space Commerce Act allows for full expensing of space launch property, creating a tax environment that empowers this next generation of space explorers rather than holding them back with bureaucratic barriers. I am proud to once again join this bicameral, bipartisan effort to ensure America maintains a competitive edge in space through partnerships that bolster space commerce and civil space exploration.”(more…)
- Parabolic Arc
- June 9, 2021