1. Short title This Act may be cited as the Space Resources Institute Act . 2. Report on merits and options for establishing an institute relating to space resources (a) Report Not later than 180 days after the date of the enactment of this Act, the Administrator and Secretary shall jointly submit to the appropriate congressional committees a report on the merits of, and options for, establishing an institute relating to space resources to advance the objectives of NASA and the Department in maintaining United States preeminence in space. Such objectives shall include the following: (1) Identifying, developing, and distributing space resources, including by encouraging the development of foundational science and technology. (2) Reducing the technological risks associated with identifying, developing, and distributing space resources. (3) Developing options for using space resources to— (A) support current and future space architectures, programs, and missions; and (B) enable such architectures, programs, and missions that would not otherwise be possible. (b) Additional matters The report required under subsection (a) shall also include the following assessments of the Administrator and the Secretary: (1) Whether a virtual or physical institute relating to space resources is most cost effective and appropriate. (2) Whether partnering with institutions of higher education and the aerospace industry, and the extractive industry as appropriate, would be effective in increasing information available to the institute with respect to advancing the objectives described in subsection (a). (c) Definitions In this section: (1) Administrator The term Administrator means the Administrator of NASA. (2) Appropriate congressional committees The term appropriate congressional committees means— (A) the Committee on Science, Space, and Technology of the House of Representatives