Commercial Space Launch Act

[AI summary unavailable — showing source text] Commercial Space Launch Act - Prohibits persons from: (1) launching a launch vehicle or operating a launch site within the United States (or, in the case of U.S. citizens, from outside the United States) unless they are properly licensed; and (2) in the case of a license holder, launching a payload (i.e., object to be placed in space) unless such payload compiles with all requirements of Federal law. Directs the Secretary of Transportation to ascertain whether a person has obtained a license to launch a payload. Directs the Secretary, if no license has been obtained, or if no license is required by Federal law and such launch is a safety or security jeopardy, to take appropriate action to prevent the launch of such payload. Grants exclusive authority to the Secretary to issue or transfer such licenses (except for licenses issued under the Communications Act of 1934) to persons who meet the requirements of this Act. Directs the Secretary to prescribe requirements for the issuance or transfers of a license. Allows the Secretary, in individual cases and under certain circumstances, to waive such requirements. Provides for: (1) license application and approval; and (2) license modifica…