To require a report on merits and options for establishing an institute relating to space resources, and for other purposes.

Summary

Requires NASA and the Department of Commerce to jointly deliver a report to Congress within 180 days assessing the merits and options for creating an institute (virtual or physical) focused on “space resources.” The report must evaluate objectives, research needs, risk reduction, partnerships (including higher education, aerospace, and extractive industries), and whether a virtual or physical institute is more appropriate and cost‑effective. The bill also defines key terms (including “space resource” and “institution of higher education”) to guide the assessment. It does not itself create or fund an institute or change authorization or regulatory authorities beyond the study requirement.

• Directs NASA and the Commerce Department to submit a joint report within 180 days on creating a space resources institute.
• Requires analysis of objectives, risk reduction, research needs, and use of space resources to support space programs and Earth supplies.
• Asks for evaluation of virtual versus physical institute models and their cost‑effectiveness.
• Calls for assessing partnerships with higher education, aerospace industry, and applicable extractive industries.
• Defines key terms, including “space resource” and “institution of higher education,” to guide the study.
• Does not provide funding or authorize establishment of an institute—only requires an assessment.
• Could inform future policy, program creation, or funding decisions related to space resource development and commercialization.