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.”(more…)
- Parabolic Arc
- March 5, 2021