COMETS Act
Source: Congress.gov ·
514 words in original text
What This Bill Does
This bill allows the space agency to sign agreements with private companies, commercial businesses and state governments. These agreements would let the space agency provide supplies, support and services to these entities for their space activities at space agency owned or operated property.
Who It Affects
Private companies and commercial entities working in space activities
State governments conducting space activities
The space agency administrator and the space agency
Federal Government
Key Provisions
The space agency may sign agreements with private companies, commercial entities and state governments to provide supplies, support and services for their space activities at space agency property. (Sec. 2)
The space agency can include private or state requests in its own requirements only if the administrator determines it benefits the federal government, does not disrupt the space agency's work and does not compete with other commercial space operations. (Sec. 2)
The requesting entity or state government must provide complete reimbursable funding before the space agency makes any financial obligation for delivery. (Sec. 2)
What Changes
The space agency gains the ability to enter into agreements with private entities and state governments to supply them with materials and services related to their space work. The space agency can also add these supplies and services to its own requirements if certain conditions are met. (Sec. 2)
The space agency can only bundle private or state government requests with its own requirements if the administrator decides it serves the federal government's best interest, does not interfere with the space agency's own needs and does not compete with other commercial space activities. (Sec. 2)
The private entity or state government must provide full reimbursable funding (money to cover all costs) to the space agency before the space agency makes any financial commitment to deliver the supplies or services. (Sec. 2)
Important Definitions
Reimbursable funding: Money paid by the private entity or state government to cover all costs of the supplies, support and services.
Effective Date
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
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