42 U.S. Code § 18404 - National space technology policy
(a) In general
The President or the President’s designee, in consultation with appropriate Federal agencies, shall develop a national policy to guide the space technology development programs of the United States through 2020. The policy shall include national goals for technology development and shall describe the role and responsibilities of each Federal agency that will carry out the policy. In developing the policy, the President or the President’s designee shall utilize external studies that have been conducted on the state of United States technology development and have suggested policies to ensure continued competitiveness.
(1) At a minimum, the national space technology development policy shall describe for NASA—
(B) the basis on which and the process by which priorities for ensuing fiscal years will be selected;
(2) The policy shall be based on the premise that the Federal Government has an established interest in conducting research and development programs that help preserve the role of the United States as a global leader in space technologies and their application.
(3) Considerations.— In developing the national space technology development policy, the President or the President’s designee shall consider, and include a discussion in the report required by subsection (c), of the following issues:
(A) The extent to which NASA should focus on long term, high-risk research or more incremental technology development, and the expected impact of that decision on the United States economy.
(4) Consultation.— In the development of the national space technology development policy, the President or the President’s designee shall consult widely with academic and industry experts and with other Federal agencies. The Administrator may enter into an arrangement with the National Academy of Sciences to help develop the policy.
Not later than 1 year after October 11, 2010, the President shall transmit a report setting forth national space technology policy to the appropriate committees of Congress and to the Senate Committee on Appropriations and the House of Representatives Committee on Appropriations.