This bill authorizes the Administrator of the National Aeronautics and Space Administration to conduct a pilot program designed to facilitate both private and public investment in specific infrastructure projects located at the Kennedy Space Center . To support these efforts, the bill establishes an Infrastructure Investment Fund within the Treasury of the United States, specifically designated for NASA's infrastructure investments. The Infrastructure Investment Fund will be financed through assessments included in agreements that support public and commercial activities at the Kennedy Space Center. These collected assessments will be deposited into the Fund and remain available until expended, specifically for capital repairs, maintenance, and improvements to NASA-owned infrastructure at the Center. Such improvements may encompass renovation, construction, and modernization, all of which will remain property of the United States. The Administrator is required to submit an annual report to Congress detailing the Fund's collections, expenditures, and proposed uses, with the authority to collect assessments terminating on December 31, 2035.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Introduced in Senate
Read twice and referred to the Committee on Commerce, Science, and Transportation.
Science, Technology, Communications
Space Ready Act
USA119th CongressS-2622| Senate
| Updated: 7/31/2025
This bill authorizes the Administrator of the National Aeronautics and Space Administration to conduct a pilot program designed to facilitate both private and public investment in specific infrastructure projects located at the Kennedy Space Center . To support these efforts, the bill establishes an Infrastructure Investment Fund within the Treasury of the United States, specifically designated for NASA's infrastructure investments. The Infrastructure Investment Fund will be financed through assessments included in agreements that support public and commercial activities at the Kennedy Space Center. These collected assessments will be deposited into the Fund and remain available until expended, specifically for capital repairs, maintenance, and improvements to NASA-owned infrastructure at the Center. Such improvements may encompass renovation, construction, and modernization, all of which will remain property of the United States. The Administrator is required to submit an annual report to Congress detailing the Fund's collections, expenditures, and proposed uses, with the authority to collect assessments terminating on December 31, 2035.