New Commercial Space Launch Competitiveness Act Coming Soon™

Speaking of embracing a new way of thinking, Jeff Foust of SpaceNews had this interesting tidbit in the wake of yesterday’s Senate subcommittee meeting:

“This hearing is the first in a series of hearings to lay the groundwork for a new Commercial Space Launch Competitiveness Act that facilitates and expands commercial space launch capabilities and ensures that we have the regulatory system, incentives and property rights to continue growing private investment,” he said.

Cruz didn’t state when such a bill would be introduced, although industry sources said it could happen later this year. “We’re going to spend some time listening and learning first,” he said.