MERRITT ISLAND, Fla. – Sen. Ashley Moody will hold a news conference Friday in Brevard County to tout what she called a “major legislative victory aimed at expanding the United States’ leadership in the space industry.”

The news conference will be held at Space Florida on Merritt Island at 1:30 p.m. News 6 will stream the news conference when it happens.

Moody will be joined by Space Florida CEO Rob Long, Embry-Riddle Aeronautical University President Barry Butler and Dr. Greg Autry, UCF’s “Space Czar,” who has also been nominated by President Trump to become the chief financial officer for NASA.

Moody’s office did not provide many details about this legislative victory, except to say “the law will have significant implications for innovation, national security, and economic growth in Florida and beyond.”

The only bill signed into law recently is HR 1, also known as the One Big Beautiful Bill Act, a massive government funding bill that is better known for the cuts it makes to federal entitlements, increases in funding for defense and homeland security departments, and changes to income taxes.

Tucked in the bill is a provision that would allow spaceports to be treated like airports when it comes to issuing bonds. This would allow space facilities to get more financing for infrastructure for launches and landings and for manufacturing facilities.

Florida has long sought to become the premier hub for the commercial space industry. Space Florida was established 2006 for that purpose.