3.0.0 3306 2022-12-30T03:18:55Z 2022-12-30T03:18:55Z Senate S 2021-12-02 117 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2021-12-02T20:22:49Z 2021-12-02 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. IntroReferral 2021-12-02 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N Science, Technology, Communications Asia China Competitiveness, trade promotion, trade deficits Computers and information technology Congressional oversight Department of Commerce Europe Executive agency funding and structure Foreign and international corporations Intellectual property Manufacturing Military civil functions Military procurement, research, weapons development Mining National Aeronautics and Space Administration Political parties and affiliation Russia Securities Space flight and exploration Spacecraft and satellites Technology transfer and commercialization U.S. and foreign investments Science, Technology, Communications 00 2021-12-02 Introduced in Senate 2022-05-02T20:33:09Z Space Protection of American Command and Enterprise Act or the SPACE Act

This bill prohibits the purchase of certain telecommunications or aerospace equipment and services from China and requires reporting on investment by foreign persons in U.S. space companies.

The National Space Council shall submit a specified report to Congress on space investment competition from China and Russia.

No funds made available to the Department of Commerce or the National Aeronautics and Space Administration (NASA) may be used to purchase or lease telecommunications or aerospace hardware or software equipment or services from any telecommunications or aerospace corporation, subsidiary, or affiliate associated with China or the Communist Party of China.

The bill reduces the threshold beyond which a person must report to the Securities and Exchange Commission the acquisition of shares in a U.S. space company. Currently, a person must make such a report when that person's ownership exceeds 5% of a company's total issue of stock. This bill reduces that to 2% for the acquisition of shares in such a company.

The Department of Defense, in coordination with Commerce and the Department of the Treasury, shall submit annual reports to Congress on investment by foreign persons in activities conducted in the United States or by U.S. persons related to exploration, manufacturing, telecommunications, or national security activities involving space.

]]> SPACE Act Display Title SPACE Act Short Title(s) as Introduced SPACE Act Introduced in Senate IS Short Title(s) as Introduced Space Protection of American Command and Enterprise Act Introduced in Senate IS Official Title as Introduced A bill to prohibit the purchase of certain telecommunications or aerospace goods or service from entities affiliated with the People's Republic of China or the Russian Federation and to require reporting relating to investment by foreign persons in the aerospace industry in the United States, and for other purposes. Introduced in Senate IS Introduced in Senate 2021-12-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3306is/xml/BILLS-117s3306is.xml 2021-12-02 Read twice and referred to the Committee on Commerce, Science, and Transportation. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.