(a) In General. - The Secretary of Transportation, within 9 months after the date of the enactment of this section, shall issue regulations to carry out this chapter that include - (1) guidelines for industry and State governments to obtain sufficient insurance coverage for potential damages to third parties; (2) procedures for requesting and obtaining licenses to launch a commercial launch vehicle; (3) procedures for requesting and obtaining operator licenses for launch; (4) procedures for requesting and obtaining launch site operator licenses; and (5) procedures for the application of government indemnification. (b) Reentry. - The Secretary of Transportation, within 6 months after the date of the enactment of this section, shall issue a notice of proposed rulemaking to carry out this chapter that includes - (1) procedures for requesting and obtaining licenses to reenter a reentry vehicle; (2) procedures for requesting and obtaining operator licenses for reentry; and (3) procedures for requesting and obtaining reentry site operator licenses.