1. Short title This Act may be cited as the Space Protection of American Command and Enterprise Act or the SPACE Act . 2. Definitions In this Act: (1) Certain telecommunications and aerospace goods or service The term certain telecommunications and aerospace goods or service means any equipment, hardware or software, and services designed specifically to be used in— (A) offering telecommunications, as defined in section 3 of the Communications Act of 1934 ( 47 U.S.C. 153 ); or (B) the design, development, and making of aircraft, spacecraft, and rockets. (2) Covered entity The term covered entity means an entity— (A) that is a United States business; and (B) the business of which relates to exploration, manufacturing, telecommunications, or national security activities involving space. (3) Foreign person The term foreign person means a person that is not a United States person. (4) United States person The term United States person means— (A) a United States citizen or an alien lawfully admitted to the United States for permanent residence; and (B) an entity organized under the laws of the United States or any jurisdiction within the United States (including any foreign branch of such an entity). 3. Report on space investment competition from the People's Republic of China and the Russian Federation (a) In general Not later than 180 days after the date of the enactment of this Act, the National Space Council shall submit to Congress a report on space investment competition from the People's Republic of China and the Russian Federation. (b) Elements The report required by subsection (a) shall include the following: (1) A description of commercial investment activities used by the People's Republic of China and the Russian Federation to produce technologies and devices for space activities and programs, including— (A) launch vehicles and technologies; (B) satellites and telecommunications equipment and services; (C) manned spaceships, cargo spaceships, deep space explorers, and space stations