Secure U.S. Leadership in Space Act of 2025
Sponsored By: Representative Dunn, Neal P. [R-FL-2]
Introduced
Summary
This bill would let spaceports qualify for tax-exempt bonds like airports to make building and expanding launch facilities and nearby manufacturing cheaper. It also defines "spaceport" and fixes lease, guarantee, and state-cap rules that affect financing.
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- Spaceport developers and on-site manufacturers would be able to use exempt facility bonds to finance construction and equipment for manufacturing, assembly, repair, flight control, launch and reentry services, and crew or cargo transfers. The bill says a public-use requirement would not block manufacturing facilities or industrial parks from qualifying.
- States and local issuers would get a clear volume-cap pathway by treating any issue where 95 percent or more of net proceeds go to a spaceport as eligible under state caps. That creates a predictable route for municipal bond financing of launch infrastructure.
- Property on land leased from the United States would count as government-owned for these bond rules if the lease and subleases meet the statute's tests. The bill also specifies that federal payments for spaceport use do not by themselves make a bond federally guaranteed and aligns key terms to 51 U.S.C. 50902.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Cheaper bond financing for spaceports
If enacted, the bill would let spaceport projects use tax‑exempt facility bonds, like airports. It would define spaceports broadly, covering launch and reentry operations and nearby manufacturing and repair sites, with no public‑use requirement. If at least 95% of a bond’s net proceeds fund a spaceport, the issue could be excluded from a State’s private activity bond cap. Spaceport property on federal land leased to a state or local government would still count as government‑owned if the leases meet the rules. Rent or user fees paid by the U.S. for spaceport use would not, by itself, make the bonds federally guaranteed. These changes would apply to bonds issued after enactment.
Sponsors & CoSponsors
Sponsor
Dunn, Neal P. [R-FL-2]
FL • R
Cosponsors
Rep. Carbajal, Salud O. [D-CA-24]
CA • D
Sponsored 5/1/2025
Haridopolos
FL • R
Sponsored 5/1/2025
Rep. Bacon, Don [R-NE-2]
NE • R
Sponsored 5/6/2025
Pfluger
TX • R
Sponsored 5/19/2025
Roll Call Votes
No roll call votes available for this bill.
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