EXPLORE Act

The EXPLORE Act, also known as Bill 118 hr 6492, is a piece of legislation introduced in the US Congress that aims to promote the exploration and development of space resources. The bill seeks to establish a legal framework for commercial activities in space, including mining and extraction of resources such as water and minerals.

The EXPLORE Act outlines guidelines for companies and individuals interested in engaging in space resource utilization, including obtaining licenses and adhering to environmental regulations. It also addresses issues related to property rights and liability in space, ensuring that companies are held accountable for any damages caused during their activities.

Additionally, the bill encourages collaboration between government agencies, private companies, and international partners to further space exploration efforts. It emphasizes the importance of sustainable practices in space resource utilization and aims to promote responsible stewardship of celestial bodies. Overall, the EXPLORE Act is designed to facilitate the growth of the space industry and encourage innovation in space exploration. It provides a legal framework for companies to engage in commercial activities in space while ensuring that environmental and ethical considerations are taken into account.