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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.
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Expired
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Additional Information
Print number: 118_S_1483
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2023-05-09
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SPACE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1483.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-05-09.

What are the main provisions?

Key points include:

  • 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.
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 Sen. Rubio, Marco [R-FL].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

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Security Economy Public Investments