According to THOMAS, HR 3819, the commercial launch indemnification regime extension, was signed into law by the president on Monday. The Senate approved the bill by unanimous consent last week, two months after the House passed the legislation. The bill extends the current system, where the federal government indemnifies commercial launch providers for any third-party damage that exceeds a pre-determined amount the provider must insure against, through the end of 2012.
Off topic.
Happy New Year everyone. May this be the year Commercial space finally gets going…
Long Live The Republic
Robert G. Oler
[…] other legislation. For example, Congress will have to take up later this year another extension of commercial launch indemnification, as the current regime expires at the end of this […]
[…] permanent, extension, but typically gets only three to five years at a time. The last extension, passed in late 2009, expires at the end of this calendar […]
[…] outcome, in the past, has been a short-term extension, usually done at close to the last minute: in 2009 the indemnification regime was extended by a bill signed into law on December 28th, just three days before it was set to expire, after passing the Senate by unanimous consent the […]