Becoming a multi-planet species

The most recent update to commercial spaceflight policy and regulation came
in the Commercial Space Launch Competitiveness Act in 2015, which was
enacted to facilitate a pro-growth environment for the developing
commercial space industry by encouraging private sector investment and
creating more stable and predictable regulatory conditions.

In addition to extending companies learning period to 2023, the law
permits companies and the government to continue sharing the risks of space
launch until 2025.

Under the law, a company licensed by the FAA must purchase insurance
covering third-party claims up to $500 million. The federal government
compensates the company for losses between $500 million and $3 billion,
while the company is responsible for any third-party claims more than that
amount.

The law also includes a number of other provisions, including the right of
U.S. citizens to own or sell asteroid resources or other resources that
they obtain while in space.
The Commercial Spaceflight Federation, a commercial spaceflight industry
association, commended Congress for passing the law and said in an article
after President Barack Obama signed it in November 2015: By extending the
indemnification regime and learning period, addressing issues of
spaceflight participant liability, and laying the legal framework for
extraterrestrial resource extraction, this business-friendly piece of
legislation will surely be remembered as setting the stage for even more
opportunities and growth in commercial space.

Linda Lipsen, chief executive officer of the American Association for
Justice, an advocacy and lobbying organization for the nations trial
lawyers, disagreed, saying in a statement before the bills passage that it
would force victims and taxpayers to pay the costs of any private space
travel crash or disaster.

The bill jeopardizes both civilians on the ground and the passengers,
whose right to hold anyone accountable would be eliminated, she said.
Industries that lobby for immunity from accountability might as well hang
up a sign saying they dont trust themselves to be safe.

Joanne Gabrynowicz, an internationally recognized space law expert and
editor-in-chief emerita of the *Journal of Space Law*, explains that
current laws and regulations address only suborbital spaceflight.

Link

On 19 May 2017 at 08:01, sailorbarsoom@....com [spacesettlers] <
spacesettlers@yahoogroups.com> wrote:

>
> Maybe it could be an international body.
>

In addition to extending companies learning period to 2023, the law permits companies and the government to continue sharing the risks of space launch until 2025.
Under the law, a company licensed by the FAA must purchase insurance covering third-party claims up to $500 million. The federal government compensates the company for losses between $500 million and $3 billion, while the company is responsible for any third-party claims more than that amount.
The law also includes a number of other provisions, including the right of U.S. citizens to own or sell asteroid resources or other resources that they obtain while in space.
The Commercial Spaceflight Federation, a commercial spaceflight industry association, commended Congress for passing the law and said in an article after President Barack Obama signed it in November 2015: By extending the indemnification regime and learning period, addressing issues of spaceflight participant liability, and laying the legal framework for extraterrestrial resource extraction, this business-friendly piece of legislation will surely be remembered as setting the stage for even more opportunities and growth in commercial space.
Linda Lipsen, chief executive officer of the American Association for Justice, an advocacy and lobbying organization for the nations trial lawyers, disagreed, saying in a statement before the bills passage that it would force victims and taxpayers to pay the costs of any private space travel crash or disaster.
The bill jeopardizes both civilians on the ground and the passengers, whose right to hold anyone accountable would be eliminated, she said. Industries that lobby for immunity from accountability might as well hang up a sign saying they dont trust themselves to be safe.
Joanne Gabrynowicz, aninternationally recognized space law expert and editor-in-chief emerita of the
Journal of Space Law
, explains that current laws and regulations address only suborbital spaceflight.
Link
On 19 May 2017 at 08:01,
sailorbarsoom@...
[spacesettlers]
<
spacesettlers@yahoogroups.com
>

Maybe it could be an international body.