“Space activities are already a $336 billion industry and heading toward a trillion dollars of annual revenue. More than 70 countries launched into space last year, and the Trump Administration has recognized the importance of facilitating a pro-business environment that cements America’s leadership in space. By designating the Department of Commerce the “one-stop shop” to facilitate commercial space activities, the President's Space Council has initiated a constructive regulatory environment that not only streamlines the problems facing the space community today – but establishes the framework to solve the problems of tomorrow. I applaud the House of Representatives for passing legislation that expands upon the Administration’s approach to promote jobs, innovation, and economic growth in the commercial space business, and I look forward to continuing to work with the National Space Council, the Congress and industry to ensure American leadership in space commerce.”
Source: U.S. Department of Commerce
