Amendment as part of the Fiscal Year 2012 Consolidated and Further Continuing Appropriations Act ( Public Law 112–55 ) and every year thereafter in response to the nefarious and offensive nature of Chinese activities in the space industry. 3. Report (a) Requirement for report Not later than 1 year after the date of enactment of this Act, and updated each year thereafter, the National Space Council shall submit to the appropriate congressional committees an interagency assessment of the United States ability to effectively compete with foreign space programs and in the emerging commercial space economy. (b) Content of report The report must include, at minimum, the following: (1) United States national space program human exploration and spaceflight capabilities relative to PRC national programs. (2) An assessment of— (A) the viability of extraction of space-based precious minerals, onsite exploitation of space-based natural resources, and utilization of space-based solar power