1. Short title This Act may be cited as the Licensing Aerospace Units to New Commercial Heights Act of 2024 or the LAUNCH Act . 2. Streamlining regulations relating to commercial space launch and reentry requirements (a) Evaluation of implementation of part 450 (1) In general Not later than 120 days after the date of the enactment of this Act, the Secretary of Transportation (referred to in this Act as the Secretary ) shall evaluate the implementation of part 450 of title 14, Code of Federal Regulations (in this section referred to as part 450 ) and the impacts of part 450 on the commercial spaceflight industry. (2) Elements The evaluation required by paragraph (1) shall include an assessment of— (A) whether increased uncertainty in the commercial spaceflight industry has resulted from the implementation of part 450; (B) whether part 450 has resulted in operational delays to emerging launch programs; and (C) whether timelines for reviews have changed, including an assessment of the impact of the incremental review process on those timelines and the root cause for multiple reviews, if applicable. (3) Report required Not later than 90 days after completing the review required by paragraph (1), the Secretary shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Science, Space, and Technology of the House of Representatives a report that includes— (A) the findings of the review; (B) recommendations for reducing delays and inefficiencies resulting from part 450 that do not rely solely on additional personnel or funding