; NASA launch services and reentry services (a) In general Subchapter III of chapter 201 of title 51, United States Code, is amended by adding at the end the following: 20148. Indemnification; NASA launch services and reentry services (a) In general Under such regulations in conformity with this section as the Administrator shall prescribe taking into account the availability, cost, and terms of liability insurance, any contract between the Administration and a provider may provide that the United States will indemnify the provider against successful claims (including reasonable expenses of litigation or settlement) by third parties for death, bodily injury, or loss of or damage to property resulting from launch services and reentry services carried out under the contract that the contract defines as unusually hazardous or nuclear in nature, but only to the extent the total amount of successful claims related to the activities under the contract— (1) is more than the amount of insurance or demonstration of financial responsibility described in subsection (c)(3); and (2) is not more than the amount specified in section 50915(a)(1)(B). (b) Terms of indemnification A contract made under subsection (a) that provides indemnification shall provide for— (1) notice to the United States of any claim or suit against the provider for death, bodily injury, or loss of or damage to property; and (2) control of or assistance in the defense by the United States, at its election, of that claim or suit and approval of any settlement. (c) Liability insurance of the provider (1) In general The provider under subsection (a) shall obtain liability insurance or demonstrate financial responsibility in amounts to compensate for the maximum probable loss from claims by— (A) a third party for death, bodily injury, or property damage or loss resulting from a launch service or reentry service carried out under the contract