S. 2622

119 S2622 IS: Space Ready Act
 U.S. Senate
 2025-07-31
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
  II
  119th CONGRESS
  1st Session
  S. 2622
  IN THE SENATE OF THE UNITED STATES
  July 31, 2025
  Mrs. Moody  introduced the following bill;
  which was read twice and referred to the  Committee on Commerce, Science, and
  Transportation
  A BILL
To authorize the Administrator of the National Aeronautics and Space
  Administration to conduct a pilot program for investment in infrastructure projects at
  the Kennedy Space Center and to establish the Infrastructure Investment Fund, and for
  other purposes.
1.
Short title
This Act may be cited as the   Space Ready Act  .
2.
Definitions
In this Act:
(1)
Administration
The term  Administration  means the National Aeronautics and Space Administration.
(2)
Administrator
The term  Administrator  means the Administrator of the National Aeronautics and Space Administration.
(3)
NASA
The term  NASA  means the National Aeronautics and Space Administration.
3.
Pilot program for infrastructure investments
  at Kennedy Space Center and establishment of Infrastructure Investment Fund
(a)
Pilot program
The Administrator may conduct a pilot program for private and public investment in specific infrastructure projects at the Kennedy Space Center.
(b)
Infrastructure Investment Fund
(1)
Establishment
There is established in the Treasury of the United States a fund, to be known as the  Infrastructure Investment Fund  (referred to in this subsection as the  Fund ), for infrastructure investments of the National Aeronautics and Space Administration.
(2)
Funding
(A)
Infrastructure
  assessments
The Administrator may include in agreements entered into under section 20113(e) of title 51, United States Code, involving transactions that support public and commercial activities at the Kennedy Space Center, an assessment to fund specific capital repair, maintenance, and improvement projects described in paragraph (3).
(B)
Deposits
Each assessment collected under subparagraph (A) shall be deposited into the Fund and shall remain available until expended.
(3)
Use of funds
(A)
In general
Amounts deposited in the Fund shall be used by the Administrator to conduct capital repairs, maintenance, and improvements to NASA-owned infrastructure at the Kennedy Space Center, as the Administrator considers necessary to support activities conducted under agreements entered into under section 20113(e) of title 51, United States Code, which may include renovation, rehabilitation, sustainment, demolition, construction, operation, maintenance, repair, enhancement, expansion, and modernization of NASA-owned infrastructure at the Kennedy Space Center.
(B)
Treatment of improvements
Improvements made to NASA-owned infrastructure at the Kennedy Space Center with amounts from the Fund shall be property of the United States.
(4)
Annual report
Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the Administrator shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Science, Space, and Technology of the House of Representatives a report on the Fund that includes the following:
(A)
For the preceding calendar year—
(i)
the total amount collected and deposited into the Fund under paragraph (2); and
(ii)
the total expenditures made from the Fund.
(B)
The amount in the Fund as of the date on which the report is submitted.
(C)
The proposed uses of amounts in the Fund for the operating plans of the Administration.
(5)
Termination
(A)
In general
The authority to collect assessments under paragraph (2)(A) shall terminate on December 31, 2035.
(B)
Rule of construction
The expiration under subparagraph (A) of the authority to collect assessments may not be construed to otherwise affect the validity or terms of agreements under section 20113(e) of title 51, United States Code, or the retention or use by the Administration of proceeds from such agreements.