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119-s-2622119th CongressWALLET
Space Ready Act
Sponsored By: Senator Moody, Ashley [R-FL]
Introduced
Summary
Creates an Infrastructure Investment Fund for Kennedy Space Center to channel private and public assessments into KSC facility repairs and upgrades. The bill would run a pilot letting NASA accept investments tied to specific agreements and use those deposits to pay for capital repairs and modernization of NASA-owned infrastructure at Kennedy Space Center.
Show full summary
- NASA and Kennedy Space Center operations: Would let NASA use Fund money for renovation, rehabilitation, sustainment, demolition, construction, maintenance, repair, enhancement, expansion, and modernization of NASA-owned facilities. Improvements paid for from the Fund would become United States property.
- Private and commercial partners: Would let agreements under 51 U.S.C. 20113(e) include assessments that are deposited into the Fund, creating a clear mechanism for public and private investment to support commercial and public activity at KSC.
- Oversight and timing: Requires an annual report to the relevant House and Senate committees, with the first report due 180 days after enactment and then yearly. The authority to collect assessments would end on Dec. 31, 2035 but would not affect existing agreements or NASA's use of proceeds from them.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
NASA fund for Kennedy repairs
If enacted, this bill would create an Infrastructure Investment Fund in the U.S. Treasury for NASA at Kennedy Space Center. NASA could add infrastructure assessments to agreements under 51 U.S.C. 20113(e). Money collected would be deposited into the Fund and stay available until spent. The Fund could pay for repairs, renovation, demolition, construction, operation, maintenance, and modernization of NASA-owned KSC infrastructure. Improvements paid for from the Fund would become United States property. NASA could run a pilot program to attract private and public investment for specific KSC projects. Authority to collect assessments would end on December 31, 2035. NASA would report to Congress within 180 days after enactment. NASA would report each year thereafter on collections, spending, fund balance, and planned uses.
Sponsors & CoSponsors
Sponsor
Moody, Ashley [R-FL]
FL • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov