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Direct Loans for Small Satellite Businesses to Enhance National Security

This Act establishes a direct loan program, managed by the National Geospatial-Intelligence Agency (NGA), authorizing up to $2.5 billion to support small businesses developing satellite technologies for continuous Earth imaging. The purpose is to enhance U.S. national security and intelligence capabilities by fostering innovation in the commercial space sector. A key requirement is that loan repayment cannot rely on proceeds from sales to the Federal Government.
Key points
Authorization of up to $2.5 billion in direct loans for small businesses involved in critical geostationary remote sensing technologies.
The goal is to improve national security by increasing the participation of small businesses in satellite imaging capabilities.
Crucial limitation: Loan repayment must be secured without using proceeds from sales to the Federal Government.
The authority to issue new loans under this program terminates five years after the Act's enactment.
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Additional Information
Print number: 118_HR_5515
Sponsor: Rep. Stewart, Chris [R-UT-2]
Process start date: 2023-09-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Commercial Geostationary Remote Sensing Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5515.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-09-14.

What are the main provisions?

Key points include:

  • Authorization of up to $2.5 billion in direct loans for small businesses involved in critical geostationary remote sensing technologies.
  • The goal is to improve national security by increasing the participation of small businesses in satellite imaging capabilities.
  • Crucial limitation: Loan repayment must be secured without using proceeds from sales to the Federal Government.
  • The authority to issue new loans under this program terminates five years after the Act's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Stewart, Chris [R-UT-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Intelligence (Permanent Select).

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Security Economy Public Investments