0
AIRSHIP Act of 2023
12/7/2023, 5:05 PM
Summary of Bill S 2275
One of the key provisions of the AIRSHIP Act is the creation of a new office within the Federal Aviation Administration (FAA) dedicated to overseeing the regulation of airships. This office would be responsible for issuing certifications to airship manufacturers and operators, as well as conducting safety inspections and investigations.
The bill also includes provisions to incentivize the use of airships in transportation, agriculture, and other industries. This includes offering tax credits and grants to companies that invest in airship technology, as well as funding for research and development of new airship technologies. Overall, the AIRSHIP Act of 2023 aims to promote the growth of the airship industry in the United States by providing a clear regulatory framework and incentives for companies to invest in this emerging technology.
Congressional Summary of S 2275
Asserting International Restrictions to Strategically Hinder Intelligence Programs Act of 2023 or the AIRSHIP Act of 2023
This bill imposes sanctions on specified Chinese companies and individuals.
Specifically, the Department of the Treasury must add certain companies, such as the Beijing Nanjiang Aerospace Technology Company and the Dongguan Lingkong Remote Sensing Technology Company, to the Non-SDN Chinese Military-Industrial Complex Companies List maintained by the Office of Foreign Assets Control (OFAC). (Companies on this list are subject to certain restrictions, including prohibitions on U.S. persons engaging in transactions involving the publicly traded securities of the company.)
Treasury must also add certain individuals, such as Wu Zhe, professor of aeronautics at Beihang University, to the Specially Designated Nationals and Blocked Persons List maintained by OFAC. (Individuals and entities on this list are subject to asset- and transaction-blocking sanctions.)
