What is Commercial Space Launch Act Of 1984?

Legal Definition
Commercial Space Launch Act of 1984 is a United States federal law authored to facilitate the private enterprise of the commercialization of space and space technology. The Act of Congress set forth the quest to acquire innovative equipment and services offered by entrepreneurial ventures from the information technology services, remote sensing technology, and telecommunications industries. The Act recognized the United States private sector as having the capability to develop commercial launch vehicles, orbital satellites, and operate private launch sites and services. The Act also assigned the duties of overseeing and coordinating commercial launches, issuing of licenses and permits, and promotion of safety standards to the Secretary of Department of Transportation.

The H.R. 3942 legislation was enacted by the 98th Congressional session and signed by the 40th President of the United States Ronald Reagan on October 30, 1984.
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