Commercial Space Competitiveness Act Law and Legal Definition
The Commercial Space Competitiveness Act ("Act") is a federal legislation that regulates commercial activities of the private sector which have substantially contributed to the strength of both the U.S. space program and the national economy. It is established pursuant to 15 USCS § 5801. The Act establishes a commercial space voucher demonstration program which is headed by the Administrator of the National Aeronautics and Space Administration (“Administrator”). The Administrator award vouchers for the payment of commercial launch services and payload integration services for the purpose of launching payloads funded by the National Aeronautics and Space Administration. The Administrator also makes available of commercial launch services that is essential for the continued growth of the U.S. commercial space sector.
Under this Act, the Administrator makes improvements and additions to the nation's space transportation infrastructure that contributes to a robust and cost effective space transportation capability for both public sector and private sector users.
The Act also provides provision of compensation to commercial providers of space goods and services for termination of contracts. Compensation is provided at the convenience of the government that assists in enabling the private sector to invest in space activities which are initially dependent on government purchases.