Sec. 102. INTERNATIONAL LAUNCH COMPETITIVENESS
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## SEC. 102 INTERNATIONAL LAUNCH COMPETITIVENESS ###
(a)Sense of Congress It is the sense of Congress that it is in the public interest to update the methodology used to calculate the maximum probable loss from claims under section 50914 of title 51, United States Code, with a validated risk profile approach in order to consistently compute valid and reasonable maximum probable loss values. ###
(b)Implementation Not later than 180 days after the date of enactment of this Act, the Secretary of Transportation, in consultation with the commercial space sector and insurance providers, shall— ####
(1)evaluate the methodology used to calculate the maximum probable loss from claims under section 50914 of title 51, United States Code, and, if necessary, develop a plan to update that methodology; ####
(2)in evaluating or developing a plan under paragraph (1)— #####
(A)ensure that the Federal Government is not exposed to greater costs than intended and that launch companies are not required to purchase more insurance coverage than necessary; and #####
(B)consider the impact of the cost to both the industry and the Government of implementing an updated methodology; and ####
(3)submit the evaluation, and any plan, to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Science, Space, and Technology of the House of Representatives. ###
(c)Independent Assessment Not later than 270 days after the date the evaluation is submitted under subsection (b)(3), the Comptroller General 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 an assessment of— ####
(1)the analysis and conclusions provided by the Secretary of Transportation in the evaluation, and any plan, under subsection (b); ####
(2)the implementation schedule proposed by the Secretary in the plan described in paragraph (1); ####
(3)the suitability of the plan described in paragraph
(1)for implementation; and ####
(4)any further actions needed to implement the plan described in paragraph
(1)or otherwise accomplish the purpose of this section. ###
(d)Launch Liability Extension **[**[51 U.S.C. 50915](/us/usc/t51/s50915)**]** Section 50915(f) is amended by striking “December 31, 2016” and inserting “September 30, 2025”.
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Sec. 102
INTERNATIONAL LAUNCH COMPETITIVENESS
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