Florida Senator Marco Rubio is among a group of bipartisan lawmakers seeking to boost the United States’ position in space, according to a release Wednesday.
China and other adversaries are making significant investments in space infrastructure. U.S. lawmakers need to speed up the development of our domestic space infrastructure.
The increasing number of launches from the U.S. has doubled in the last seven years, highlighting the urgent need for greater investment in spaceports and related infrastructure.
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Airports and docks are currently eligible for tax-exempt municipal revenue bonds, which help attract private investment for important infrastructure projects.
According to a bipartisan group of US lawmakers, spaceports should have equal opportunities to attract necessary investments for a swiftly developing industry.
U.S. Senators Marco Rubio (R-FL) and Ben Ray Luján (D-NM) and U.S. Representatives Neal Dunn (R-FL) and Salud Carbajal (D-CA) introduced the Secure U.S. Leadership in Space Act of 2024 to designate spaceports as eligible for tax-exempt municipal revenue bonds to incentivize investment in spaceport infrastructure.
“In the race for space dominance, we cannot afford to fall behind. As adversaries like China continue to expand their presence in space, it’s imperative the United States takes decisive action to bolster our own capabilities. The Secure U.S. Leadership in Space Act of 2024 is a critical step towards ensuring our nation maintains its competitive edge,” said Sen. Marco Rubio.
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“As our adversaries are quickly investing in space infrastructure, our country cannot fall behind. With spaceports in New Mexico and across the country, I’m proud to introduce this bill that creates pathways for public and private partnerships to ensure our country remains on the forefront of space innovation,” said Senator Luján.
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