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 hollow out these countries’ space industrial bases . (9) China announced a plan to advance its Space ambitions by creating a Space Economic Zone to generate $10 trillion annually. (10) The U.S. commercial launch industry, whose viability the National Aeronautics and Space Administration and the Department of Defense depend on to launch critical national assets, is forced to compete with state-backed launch enterprises across the globe whose launch providers are not required to be profitable. (11) A strong domestic space launch industry is in the national security interest of the United States. (12) Foreign launch providers are heavily subsidized by their governments and use these subsidies to intentionally price below cost in an effort to undercut American competition, materially harming the American industrial base. (13) Increased use of United States-manufactured commercial launch vehicles launched in the United States by United States launch service providers should be encouraged. (14) Congress supports continued United States leadership in space. 3. Special allowance for qualified domestic space launch property (a) Allowance of bonus depreciation for qualified domestic space launch property Section 168(k)(2)(A) of the Internal Revenue Code of 1986 is amended in clause (i), by striking or at the end of subclause (III), by striking or at the end of subclause (IV), by adding or at the end of subclause (V), and by adding at the end the following new subclause: (VI) which is qualified domestic space launch property (as defined in paragraph (11)), . (b) Extension of termination of bonus depreciation for qualified domestic space launch property (1) In general Section 168(k)(2)(A)(iii) of the Internal Revenue Code of 1986 is amended by striking before January 1, 2027.