Up for grabs? Future use of asteroids. Credit: Texas A&M

Up for grabs? Future use of asteroids.
Credit: Texas A&M

The U.S. Congressional Budget Office has taken a look at House Resolution 1508 – the Space Resource Exploration and Utilization Act of 2015.

That bill would establish certain policies and guidelines regarding the development of space resources by nonfederal entities.

Existing international agreements authorize such activities under certain conditions, including requirements for national regulatory regimes to resolve liability, ownership, and operational issues.

The bill would create a domestic framework for assigning property rights for resources from asteroids and for settling any related legal disputes.

CBO estimates that implementing H.R. 1508 would cost about $1 million over the 2016-2020 period.

CBO anticipates that developing a policy framework for this nascent industry would require levels of expertise and effort similar to that of previously done studies by expert policy panels.

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