"A United States citizen engaged in commercial recovery of an asteroid resource or a space resource under this chapter shall be entitled to any asteroid resource or space resource obtained, including to possess, own, transport, use, and sell the asteroid resource or space resource obtained in accordance with applicable law, including the international obligations of the United States."
Yet, the new act makes it clear, US commercial interests will not be making any ownership claims. While the Moon Agreement goes into more detail about exploiting space resources, the US and several nations have not ratified it. To be clear, the US is really the closest nation capable of exploiting space resources, but when other nations reach the capabilities needed to mine asteroids, it will be imperative for an international agreement. By being the first to act, the US places itself in a position to greatly influence future agreements.
The law also provides a greater incentive for US commercial interests to pursue mining opportunities in space. By guaranteeing any rights to resources, it clears up any ambiguities or questions, commercial interests may have had prior. The law will gauge international reactions and provide an engaging topic in the upcoming April meeting by the UN Office for Outer Space Affairs legal subcommittee. Until then, companies already established in the field can rejoice in this first step. What could be a trillion dollar industry, getting ahead of the game both in technical capabilities and legal concerns can be a strong advantage for US interests.