Washington, D.C. December 13, 2013. Mark Udall, a strong proponent of Colorado’s aerospace industry, welcomed the U.S. Senate’s passage yesterday of bipartisan legislation he co-sponsored that extends a crucial insurance framework for commercial space projects. The measure passed unanimously in the Senate and now goes to the House, which voted on December 2 to extend the bill by only one year.
The bill extends provisions of the Commercial Space Launch Act Amendments, which cover third-part liability for licensed commercial space launches. Passage of the bill is critical to ensure that the American aerospace industry remains competitive with space launch providers in other countries by extending the risk-sharing program for commercial space missions through the end of 2016.
“Without this common sense move, Colorado’s job-creating aerospace industry would be at a competitive disadvantage in the race to space,” Udall said. “I am proud to have strongly advocated for this bill, which will ensure our aerospace innovators have the certainty they need to stay competitive in the commercial space industry, support good-paying jobs and keep Colorado at the forefront of space exploration.”
Udall has fought to ensure that Colorado is home to innovative aerospace companies and job creators. Udall recently welcomed a collaborative effort between NASA and Broomfield-based Ball Aerospace to work on NASA’s new Green Propellant Infusion Mission and welcomed the inclusion of a Colorado-based satellite mission in a U.S. Senate appropriations package.
Source: Mark Udall