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National Defense Authorization Act includes new aerospace provision


The United States Congress gave final approval of the 2013 National Defense Authorization Act on Friday, including a provision that delights many Colorado’s aerospace leaders. The NDAA is a yearly bill, passed by Congress and signed by the President, which lays out national defense policy for the approaching fiscal year. The new provision was fashioned [...]


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The United States Congress gave final approval of the 2013 National Defense Authorization Act on Friday, including a provision that delights many Colorado’s aerospace leaders. The NDAA is a yearly bill, passed by Congress and signed by the President, which lays out national defense policy for the approaching fiscal yearThe new provision was fashioned after legislation introduced by Colorado U.SSenator Michael Bennet In sum, it updates the space-related language within the International Traffic in Arms Regulations (ITAR) law, easing U.Sexport restrictions on less sensitive satellites and components. “Colorado is a national hub for the space industry, and these reforms to our satellite export controls will allow businesses to expand their operations and invest in new technologies that will help grow our state’s economy,” said Bennet, in a news release“Businesses in Colorado and across the country will be better positioned to compete globally while still protecting our national security interests.” The provision, receiving support on both sides of the aisle, removes certain satellites from the United States Munitions List — which required that the government protect technologies readily available in the global commercial market — and places them on less restrictive Commerce Control List. Several space-related organizations applauded the provision, saying that U.Sbusinesses have competitively suffered due to the antiquated regulations The Space Foundation, an independent non-profit space advocacy organization, supported the provision and gave a specific nod to SenBennet and Colorado U.SSenator Mark Udall for pushing Congress on this topic. “For years, we have watched the U.Slose ground against global competitors because of the largely unintentional consequences of onerous regulations on space technology for export,” said Elliot Pulham, chief executive officer of Space Foundation The bill has been sent to President Barack Obama and is awaiting his signature to become law. Add a comment  Print (function () { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); })(); Tweet Categories: Aerospace, Colorado Business Next Post » ZeekRewards.com investor? SEC is after them « Previous Post Powderhorn owner Andy Daly celebrates ruling overturning Forest Service water clause if ( document.getElementById('dp_blog_cube_wrap_two').offsetWidth

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