H.R. 7470 is a bill that aims to amend the Internal Revenue Code to treat spaceports similarly to airports concerning rules for exempt facility bonds. The bill defines a spaceport as a facility near a launch or reentry site that is used for various space-related activities,...
Simple Explanation
H.R. 7470 is a bill that wants to treat spaceports, where spaceships take off and land, just like airports when it comes to special money rules. This means that these spaceports can get some financial help without having to be open for everyone to use.