From: RegBlog
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Last month, President Obama signed into law the U.S. Commercial Space Launch Competitiveness Act of 2015, also known as the SPACE Act. The law is designed to foster growth in the nascent commercial space industry in areas such as mining and tourism, as well as streamline space regulations.
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Other provisions of the SPACE Act are aimed at creating a better framework for regulating satellites. One section requires several agencies, including NASA and the Department of Transportation, to work together to study the satellite traffic control system and develop recommendations for Congress on improving the system. A different section would require the Secretary of Commerce to report on the types of commercial satellites that they license and recommend statutory changes to improve the licensing system.