Keith Cowing has obtained a copy of the draft legislation in the Senate that contains the poison pill. Jeff Foust has the latest description of what’s going on, including an analysis of the text.

And for those who say that this won’t kill the industry, that it would just move it off shore, Taylor Dinerman points out that if so, it won’t be done by Americans, due to ITAR restrictions.

All in all, it’s very important to both fix this legislation, and get it passed, as soon as possible, if we want to continue to build on the momentum provided by last week’s successful Ansari X-Prize win.