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November 11, 2015 04:00 pm

Bill Confirming Property Rights For Asteroid Miners Passes the Senate

MarkWhittington writes: The Senate Commerce, Science, and Transportation Committee announced the passage of a bill called H.R.2262 — SPACE Act of 2015, which is designed to facilitate commercial space. The bill has a number of provisions for that purpose, including extending the "learning period" during which the government would be restricted from imposing regulations on the commercial launch industry to September 2023. The most interesting and potentially far-reaching provision concerned property rights for companies proposing to mine asteroids for their resources. In essence, the bill confirms that private companies own what they mine. The bill is a compromise between previous Senate and House versions.

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