Space Resources Institute Act

Bill 118 hr 4152, also known as the Space Resources Institute Act, is a piece of legislation introduced in the US Congress that aims to establish a Space Resources Institute within the Department of Commerce. The purpose of this institute is to promote the development and utilization of space resources, such as minerals and other materials, in a sustainable and responsible manner.

The bill outlines the duties and responsibilities of the Space Resources Institute, which include conducting research and development activities related to space resource utilization, providing technical assistance to private sector entities interested in space resource exploration, and facilitating international cooperation in the field of space resources.

Additionally, the bill directs the Secretary of Commerce to establish a Space Resources Advisory Committee, composed of experts in the field of space resources, to provide guidance and recommendations to the institute. Overall, the Space Resources Institute Act seeks to position the United States as a leader in the emerging field of space resource utilization, while also ensuring that such activities are conducted in a manner that is environmentally sustainable and in compliance with international law.