Planetary Resources, Inc., the asteroid mining company, praises the members of Congress who promoted historic legislation (H.R. 2262) that recognizes the right of U.S. citizens to own asteroid resources they obtain as property and encourages the commercial exploration and recovery of resources from asteroids, free from harmful interference.
This legislation creates a pro-growth environment for the development of the commercial space industry by encouraging private sector investment and ensuring a more stable and predictable regulatory regime. This law is important for the industry and is integral to protecting and supporting U.S. interests as the commercial space sector continues to expand.
Throughout history, governments have spurred growth in new frontiers by instituting sensible legislation. Long ago, The Homestead Act of 1862 advocated for the search for gold and timber, and today, H.R. 2262 fuels a new economy that will open many avenues for the continual growth and prosperity of humanity. This off-planet economy will forever change our lives for the better here on Earth, said Chris Lewicki, President and Chief Engineer, Planetary Resources, Inc.
Planetary Resources is grateful for the leadership shown by Congress in crafting this legislation and looks forward to President Obama signing the language into law. Patty Murray (D-WA), Kevin McCarthy (R-CA), Lamar Smith (R-TX), Bill Posey (R-FL) and Derek Kilmer (D-WA) have been unwavering in their support and leadership for the growth of the U.S. economy offworld. Their forward-looking stance and active role in enabling the development of an economically and strategically valuable new marketplace will ensure our country continued leadership in space.
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