1. Short title This Act may be cited as the American Space Commerce Act of 2020 . 2. Findings Congress finds the following: (1) The United States is the only nation with a competitive commercial space launch industry. (2) A robust domestic launch industry and capability is crucial to the United States continuing economic, national security, scientific, and exploration leadership. (3) Commercial space launch vehicles manufactured and launched in the United States by United States launch service providers benefit national security and the national economy, earth and space science, and human spaceflight, and are enablers of the global space economy. (4) Commercial space launch vehicles manufactured and launched in the United States by United States launch service providers are used for virtually all United States national security payloads, and therefore, are indispensable to the security of the United States, as well as its allies and friends. (5) Multiple American companies are developing small launch vehicles to compete in the domestic and international commercial launch market. These companies are financed predominately by private capital, are independently developing capabilities, and are primarily serving commercial customers. (6) Several foreign governments have taken notice of U.S. market growth and have begun to fund their own vehicles to compete within the same market. While some of these international vehicles are putatively “private”, most benefit from subsidies or developmental support from their national governments. (7) The 2019 Report to Congress of the United States-China Economic and Security Review Commission stated, China is taking steps to establish a commanding position in the commercial launch and satellite sectors relying in part on aggressive state-backed financing that foreign market-driven companies cannot match . (8) The report further adds, China has already succeeded in undercutting some U.S. and other foreign launch and satellite providers in the international market, threatening to