Commercial Space Transportation Liability Regime Extended by House

House Passes Bill to Extend the Commercial Space Transportation Liability Regime

"Today, H.R. 6586, a bill that provides a two-year extension to the existing commercial space launch indemnification regime, passed the House by voice vote under suspension of the rules. Under the Commercial Space Launch Act Amendments of 1988, a system was established that spreads the risk from a commercial space launch mishap or failure between the launch provider and the government for potential damages or losses concerning uninvolved public or property. It has been extended five times since its original enactment."

House Approves Bill to Extend Risk-Share Protection of Commercial Launch Companies

"Administration and industry witnesses provided compelling evidence that indemnification for third-party claims is needed to preserve a US commercial launch market," said Subcommittee Chairman Palazzo."

Keith's note: This action yesterday is rather important news for commercial space sector. Not a word from the Commercial Spaceflight Federation. What is it that they do again?

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This page contains a single entry by Keith Cowing published on November 14, 2012 12:00 PM.

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