This bill, titled the Licensing Aerospace Units to New Commercial Heights (LAUNCH) Act, seeks to significantly streamline regulatory processes for commercial space launch and reentry, as well as the licensing of private remote sensing space systems. Its primary goal is to reduce burdens, enhance efficiency, and promote innovation and global competitiveness within the United States commercial space industry. The legislation requires the Secretary of Transportation to evaluate the implementation of Part 450 of title 14, Code of Federal Regulations, assessing its impact on industry uncertainty, operational delays, and review timelines. Following this evaluation, a report with findings and recommendations for reducing inefficiencies, without solely relying on increased personnel or funding, must be submitted to Congress. The bill also mandates continued support for an Aerospace Rulemaking Committee to facilitate industry input on amendments to Part 450 and encourages the modification or elimination of license requirements to foster innovative technologies. Key provisions include amendments to title 51, United States Code, to require the acceptance of reasonable safety rationales proposed by license applicants and the assignment of a dedicated licensing team lead to assist each applicant. It also aims to streamline review processes by ensuring timely adjudication of determinations and eliminating duplicative reviews, particularly those involving Federal ranges. A significant component is the establishment of a digital licensing, permitting, and approval system within 60 days of enactment. This system will track application statuses, provide electronic notifications to applicants, and make information publicly available, with up to $5 million allocated for its development. The Secretary must also provide annual briefings to Congress on the licensing process, detailing metrics such as average review times and the frequency of delays. To further support the industry, the bill authorizes direct hire authorities for positions related to space launch and reentry licensing and permits. It also establishes a new Commercial Space Transportation Administration within the Department of Transportation, headed by an Administrator, to oversee all commercial space launch and reentry activities. Regarding private remote sensing, the bill clarifies that instruments used primarily for mission assurance are not considered remote sensing, thereby exempting them from certain regulations. It mandates the assignment of a dedicated licensing officer to assist applicants, minimize license conditions, and expedite reviews. The Secretary must also ensure transparency, minimize review timelines, and annually reevaluate criteria for tiering satellite systems to expedite approvals. Finally, the legislation calls for a Government Accountability Office (GAO) report within one year to assess the Department of Commerce's policies, regulations, and practices concerning the private remote sensing industry. This report will evaluate whether current policies promote or inhibit industry growth and will provide recommendations for fostering U.S. leadership in private remote sensing capabilities.