summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Revitalizing America's Commercial Entrepreneurs for Space Act or RACE for Space Act - Authorizes the Secretary of Defense, in order to assist the Secretary of Transportation (DOT) with respect to private-sector involvement in commercial space activities and public-private partnerships pertaining to space transportation infrastructure (STI), to: (1) maximize the use of Department of Defense (DOD) STI by the private sector, (2) maximize the effectiveness and efficiency of the DOD STI, (3) reduce the cost of STI services provided by DOD, (4) encourage commercial space activities by enabling investment in the DOD STI by non-federal entities engaged in commercial space activities, and (5) foster cooperation between DOD and such entities. Establishes the Defense Cooperation Space Launch Account for such purposes. Requires an annual report from the Secretary to the congressional defense and appropriations committees on funds and equipment accepted and used for such purposes.
AI Summary
This bill, the Revitalizing America's Commercial Entrepreneurs for Space Act (RACE for Space Act), authorizes the Secretary of Defense to collaborate with private companies involved in commercial space activities. The goal is to improve the Department of Defense's (DOD) space transportation infrastructure, which includes facilities for launching and recovering spacecraft, by making it more accessible and efficient for private use. This collaboration aims to reduce costs for the DOD, encourage private investment in this infrastructure, and foster cooperation between the DOD and these private entities. To facilitate this, a dedicated "Defense Cooperation Space Launch Account" will be established to manage funds, services, and equipment accepted from private companies. The Secretary of Defense will be required to provide an annual report to Congress detailing how these contributions are used.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Referred to the Subcommittee on Strategic Forces. (on 07/10/2012)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/112th-congress/house-bill/4401/all-info | 04/25/2013 |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-112hr4401ih/pdf/BILLS-112hr4401ih.pdf.pdf | 02/03/2013 |
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