Dave Kopel and Instantman have a sensible suggestion (one that I’ve made myself). It’s time, indeed past time, to withdraw from that other relic of the Cold War, the Outer Space Treaty.

[Update at 12:32 PM PDT]

Jim Bennett notes that there’s at least one other reason to get rid of the treaty that Glenn didn’t mention.

…the OST and its Liability Convention also raise the cost of space launch by assigning strict liability to all earth-to-space operations. This is no longer warranted for ordinary launch operations. Withdrawing from the OST should be accompanied by a new Liability Convention creating a more reasonable liability regime.

Yes. This could also affect the existing regulatory environment for spaceflight in the US, since the existing regulations are based on that strict liability.