118th Congress Science, Technology, Communications
S. 1483: SPACE Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill prohibits the purchase of certain telecommunications or aerospace equipment and services from China and requires reporting on investment by foreign entities in U.S. space companies.
The National Space Council shall submit a specified report to Congress on space investment competition from China and Russia.
No funds made available to the Department of Commerce or the National Aeronautics and Space Administration (NASA) may be used to purchase or lease telecommunications or aerospace goods or services from any telecommunications or aerospace corporation, subsidiary, or affiliate associated with China or the Communist Party of China.
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The bill requires foreign entities to submit certain reports to the Securities and Exchange Commission if they acquire more than 2% of shares in a U.S. space company.
The Department of Defense, in coordination with Commerce and the Department of the Treasury, shall submit annual reports to Congress on investment by foreign entities in activities conducted in the United States or conducted by U.S. entities related to exploration, manufacturing, telecommunications, or national security activities involving space.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Marsha Blackburn R-TNOriginal
- Mike Braun R-INOriginal
- John Cornyn R-TXOriginal
- Roger Wicker R-MSOriginal
- James David Vance R-OH
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History
- Introduced in the Senate by Marco Rubio.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Commerce, Science, and Transportation.