Space Ready Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 2622 Introduced in Senate (IS)]

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119th CONGRESS
  1st Session
                                S. 2622

 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.


_______________________________________________________________________


                   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Space Ready Act''.

SEC. 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.

SEC. 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.
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