Financial Responsibility Requirements for Licensed Reentry Activities

Under its licensing authority, the Associate Administrator for Commercial Space Transportation of the Federal Aviation Administration (FAA) determines financial responsibility requirements for licensees authorized to launch and reenter a reusable launch vehicle or to reenter a reentry vehicle. The FAA will determine, on an individual basis, the amount of required insurance or other form of financial responsibility after examining the risks associated with a particular reentry vehicle, its operational capabilities and designated reentry site. In this rulemaking, the FAA provides procedures for demonstrating compliance with requirements for reentry financial responsibility and for implementing risk allocation provisions of 49 U.S.C. Subtitle IX, chapter 701.