Space Industrialization Act of 1979

[AI summary unavailable — showing source text] Space Industrialization Act of 1979 - Title I: Establishment of Space Industrialization Corporation - Establishes, as a Federal agency, the Space Industrialization Corporation which shall promote the development of new processes and industries in space and encourage private industry to invest in such activities. Directs the Corporation to provide funds to industrial space ventures under negotiated management plans. Specifies that such funds shall be repaid with a profit if the venture is profitable and that full documentation is required if it is unprofitable. Establishes in the United States Treasury the Space Industrialization Trust Fund which shall be held and administered by the Secretary of the Treasury and made available to the Corporation for use in funding industrial space ventures. Authorizes to the Trust Fund, effective October 1, 1979, appropriations not to exceed $50,000,000 per year for the first two fiscal years after enactment. Directs the President to aid in the planning, development, and review of a national program for the establishment and operation of a space industrial system. Directs the National Aeronautics and Space Administration to advise, assist, and coop…