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Bill Confirming Property Rights For Asteroid Miners Passes the Senate (examiner.com)

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.

2 of 171 comments (clear)

  1. National level? by Big+Hairy+Ian · · Score: 5, Interesting

    How can this be at the national level? Surely this is something that should be hashed out at the UN rather than proposing national laws for something that is already outside your jurisdiction.

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    Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.

    1. Re:National level? by Anonymous Coward · · Score: 0, Interesting

      The US has been operating under "what's mine is mine, and what's yours is also mine" for decades now, extra-terrestrial resource-grabs won't be any different.