Protecting US Space Industry: Restrictions on China and Russia Purchases and Investment.
This law aims to safeguard US space and telecommunications technology by prohibiting government agencies like NASA and the Department of Commerce from purchasing equipment or services from entities linked to the governments of China or Russia. It also tightens rules for foreign investors, requiring them to report smaller stakes (over 2%) in critical US space companies, ensuring greater transparency regarding foreign ownership. These measures are designed to protect national security and maintain the reliability of space-based services citizens rely on daily.
Key points
Bans NASA and Commerce Department funds from being used to buy space or telecom goods/services from entities associated with the Chinese or Russian governments.
Requires foreign investors to report to the SEC when acquiring more than 2% ownership in US space-related companies, lowering the standard reporting threshold.
Mandates the government to develop a strategy to defend US space supply chains and intellectual property against foreign competition and theft.
Status:
Expired
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