The U.S. commercial space launch industry has changed considerably since the enactment of the Commercial Space Launch Amendments Act of 2004. FAA is required to license or permit commercial space launches; however, to allow space tourism to develop, the act prohibited FAA from regulating crew and spaceflight participant safety before 2012--a moratorium that was extended to 2023. The U.S. Commercial Space Launch Competitiveness Act, enacted in November 2015, addressed other aspects of the commercial space launch industry. This testimony summarizes and updates findings from GAO’s 2015 report, specifically industry developments and FAA challenges, including FAA’s launch licensing workload and budget. For its 2015 report, GAO reviewed FAA’s guidance on its launch permit, licensing, and safety oversight activities; interviewed FAA officials, industry stakeholders, and experts who were selected on the basis of their knowledge of FAA’s oversight of the commercial space launch industry; and visited spaceports where two 2014 launch mishaps occurred. To update this information GAO reviewed FAA information on the industry and FAA’s budget request. GAO recommended that FAA, in its budget submissions, provide more detailed information about the Office of Commercial Space Transportation’s workload. FAA agreed with the recommendation. GAO is not making new recommendations in this testimony.--From Highlights Page.