S. 2351: Space Exploration Research Act

The Space Exploration Research Act is a proposed piece of legislation aimed at enhancing the infrastructure and opportunities for research, education, and training in the field of space exploration. Here’s a summary of its key components:

Supplemental Lease Authority

The bill would allow the Administrator of the National Aeronautics and Space Administration (NASA) to lease property it manages to various entities for up to 99 years. The purpose of these leases would include:

• Conducting aeronautical and space research.
• Educating and training individuals for careers in the space industry.
• Transferring aerospace technology between the public and private sectors in the U.S.
• Conducting scientific, engineering, medical, or academic activities related to space.
• Any other space-related activities deemed appropriate.

Lease Renewals

The Administrator would have the authority to renew these leases for one or more additional periods, expanding opportunities for long-term projects and collaborations.

Administrative and Support Services

NASA would also be empowered to provide administrative, maintenance, and instructional support for the facilities created under these leases. This support could be offered with or without reimbursement and could include:

• Entering into agreements to lease back any property that has been leased to private entities.
• Entering into contracts or agreements for the management or support of these properties.

Eligible Entities

The bill outlines who may receive leases and support under this legislation. Eligible entities include:

• The State where the property is located.
• A subdivision, agent, or agency of that State.
• Non-profit corporations or foundations focused on educational or scientific purposes that are tax-exempt.
• Institutions of higher education as defined by the Higher Education Act.

Delegation of Authority

The Administrator may delegate these leasing and support responsibilities to other officers and employees within NASA, allowing for greater flexibility in managing these initiatives.

Legal Considerations

This new authority would apply regardless of existing laws governing property leasing by NASA and would not be affected by specific sections of the U.S. Code related to property leasing and management.

Relevant Companies

• BA - Boeing: Likely to be involved in research and development projects given its significant role in aerospace.
• LMT - Lockheed Martin: May engage in partnerships for aerospace research and training initiatives.
• SPCE - Virgin Galactic: Could benefit from opportunities related to space tourism and commercial space research.