Licensing Innovations and Future Technologies in Space Act or the LIFTS Act This bill directs the Department of Transportation to establish a facility at which federal employees may receive training on functions and activities related to the licensing of commercial space launch and reentry activities. The training facility shall be located at a current center of the National Aeronautics and Space Administration (NASA) that, among other things has expertise related to the design and testing of space propulsion systems; is capable of conducting a wide range of testing capabilities, including large thrust-level atmospheric and altitude engines and engine systems test capabilities; and has a commercial space industry presence.