There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (12/13/1982)

Space Commerce Act - Directs the Secretary of Commerce to issue licenses for launching private sector space objects. Sets forth the conditions for issuing a license, including the ability to meet liability insurance requirements. Establishes criminal penalties for launching private space objects without such a license.

Directs the Secretary to establish requirements for liability insurance to be carried by any licensee.

Permits the Administrator to suspend or revoke a license for failure to comply with applicable regulations.

Excludes from this Act space objects launched by or on behalf of the United States Government.

Establishes the Commercial Space Study Commission to study the direction of future Government involvement and regulation of private sector commercial activity in outer space. Directs the Commission to report to Congress within a specified time. Terminates the Commission 60 days after its final report.