President Obama Signs Commercial Asteroid Resource Utilization into Law

 

WH_seal_3dUPDATE:  November 25, 2015 – H.R. 2262, or “The U.S. Commercial Space Launch Competitiveness Act of 2015” has been signed into law today by President Barack Obama.  Deep Space Industries extends its congratulations to the White House and the US Congress on the passage and signing of this historic legislation.

“With the enactment of this law, the industry has reached a regulatory tipping point that will facilitate the growth of a global space economy for the benefit all mankind,” said Sagi Kfir, General Counsel for Deep Space Industries. “Furthermore, we strongly believe that the space resource utilization provisions of this law may act as a great starting point to effectively catalyze and promote international discussions on this important topic.”

“As DSI’s technology and asteroid mining plans advance, it’s good to see the legal environment progressing as well,” said Deep Space Industries’ CEO Daniel Faber. “We are also glad to see that language acknowledging and responsive to international considerations is in the bill, and we look forward to working with our government partners in the U.S. and internationally, to realize the potential of the space frontier.”

“We are pleased to see the beginnings of legal clarity in the field of space resource utilization,” said Rick Tumlinson, Chair of Deep Space Industries. “This bill is a historic step forward and demonstrates that Congress can effectively and quickly pass legislation that is important to the country’s economic future. The hard-working legislators and their staff on Capitol Hill are to be commended.”

 


 

Alternative_US_Senate_sealUPDATE: November 16, 2015 –  H.R.2262, otherwise known as the “U.S. Commercial Space Launch Competitiveness Act of 2015” has successfully passed in the U.S. House of Representatives, following last week’s passing of the same legislation (as S.1297) in the U.S. Senate. 

“We are grateful to both the House and Senate for working together so diligently to get this landmark legislation passed,” said Sagi Kfir, General Counsel of Deep Space Industries.  “Title IV’s protection of the ownership of recovered space resources will allow the capital markets to take a closer look at the space resource utilization industry, now that we have a legal framework for operations.”

Deep Space Industries’ Chair, Rick Tumlinson commented, “We are thrilled to see Congress moving expeditiously on this significant piece of legislation which is so important to the development of a strong and vibrant 21st century commercial space industry in the United States.  This new legislation builds on our national space legacy and will help enable the rapid and sustainable growth of America’s space economy.”

The next stop for the U.S. Commercial Space Launch Competitive Act of 2015 is the White House, with President Obama expected to sign the bill into law before the end of the year.   


 

MOFFETT FIELD, CA.  November 10, 2015– Deep Space Industries (DSI) congratulates the members of the United States Senate for passing legislation that significantly advances the cause of opening space resources to humanity. Title IV of S.1297, also referred to as the U.S. Commercial Space Launch Competitiveness Act of 2015, promotes the right of U.S. citizens to engage in commercial exploration for, and commercial recovery of, space resources in accordance with international obligations and subject to supervision by the U.S. government.

Seal_of_the_United_States_House_of_Representatives.svg“We are pleased to see the beginnings of legal clarity in the field of space resource utilization,” said Rick Tumlinson, Chair of Deep Space Industries. “This bill is a historic step forward and demonstrates that Congress can effectively and quickly pass legislation that is important to the country’s economic future. The hard-working legislators and their staff on Capitol Hill are to be commended.”

Title IV will spur an influx of capital into the industry and encourage entities to further develop plans and technologies to extract minerals from the vast numbers of asteroids and other resource-rich bodies in the solar system.

“This is a very thoughtfully worded piece of legislation that is sensitive to the existing Outer Space Treaty, and yet moves the ball far forward in terms of giving companies like DSI the legal certainty we need to invest in capitally intensive missions and equipment” said Daniel Faber, DSI’s CEO.

Establishing a solid legal foundation for the development of space mineral resources is a necessary first step in opening the frontier. This legal framework is essential for serious investment to occur in what may become one of the biggest industries of all time.

“We have the team, the technology and the science,” continued Faber. “This legislation gives us the legal assurance to put it all together into a successful business.”

DSI leaders and other members of the commercial space industry are impressed by the tone of the legislation, and point out that everyone involved, no matter their party, company or interest has been working hard to get this right.

“It is good for the country, and it is good for all mankind,” continued Tumlinson. “We encourage other nations to support similar legislation, enabling the space resource utilization industry to build a robust space economy and a better future for all citizens of the world.”

About Deep Space Industries
Deep Space Industries is an international space resources company, utilizing the most advanced nanosat technologies to realize asteroid mining. To learn more about DSI’s asteroid mining projects, innovative technology, or world-renowned team of experts, please visit: DeepSpaceIndustries.com.

Pin It on Pinterest