Sens. Cruz, Rubio, Colleagues Introduce Bipartisan American Space Commerce Act

Sen. Ted Cruz

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.”

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Florida Reps. Posey & Crist Reintroduce Bill to Extend Tax Breaks for Launch Providers

Bill Posey

WASHINGTON, March 4, 2021 (Bill Posey/Charlie Crist PR) – U.S. Representatives Bill Posey (R-Florida) and Charlie Crist (D-Florida) reintroduced their bipartisan legislation to create American jobs, advance technology and keep America first in space. The American Space Commerce Act (H.R. 1369) supports American leadership in space by providing an incentive for American space firms to keep investing in America and launching from American soil.

The 2019 Report to Congress of the U.S. – China Economic and Security Review Commission states that “China is taking steps to establish a commanding position in the commercial launch and satellite sectors relying in part on aggressive state-backed financing that foreign market driven companies cannot match.” The report further adds, “China has already succeeded in undercutting some U.S. and other foreign launch and satellite providers in the international market, threatening to hollow out these countries’ space industrial bases.”

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Rubio, Scott, Colleagues Introduce Bipartisan American Space Commerce Act

Sen. Marco Rubio

WASHINGTON, D.C. (Marco Rubio PR) — U.S. Senators Marco Rubio (R-FL), Rick Scott (R-FL), Ted Cruz (R-TX), Roger Wicker (R-MS), and Dianne Feinstein (D-CA) introduced the bipartisan, bicameral American Space Commerce Act of 2020. At a time when the U.S. has steadily decreased its dependence on foreign rockets and launch infrastructure, the American Space Commerce Act would bolster U.S. leadership in the space industry, enhance public-private partnerships with American companies, and further increase U.S. innovation.

U.S. Representatives Bill Posey (R-FL) and Charlie Crist (D-FL) introduced the House version of the legislation (H.R. 6783). The legislation is supported by the Aerospace Industry Association, Blue Origin, Boeing, Space Florida, SpaceX, and ULA.

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Reps. Posey, Crist Introduce American Space Commerce Act

Bill Posey

WASHINGTON, May 11, 2020 (Bill Posey/Charlie Crist PR) — As we pass the 59th Anniversary of the first American human space flight launch that saw Alan Shepard pilot the famous Freedom 7 capsule as part of the Mercury program, U.S. Representatives Bill Posey (R-Florida) and Charlie Crist (D-Florida) introduced bipartisan legislation to build on that important legacy and keep America first in space.

The American Space Commerce Act (H.R. 6783) supports American leadership in space by providing an incentive for American space firms to keep investing in America and launching from American soil.

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