FAA Cutting Red Tape for Experimental Space Launches--Finally!

It's amazing what the U.S. government can do when it sets its mind to it. Seems someone at the FAA has been paying attention to recent developments and is taking action. Here's a clip from a Space.com story:

...
the word from Patricia Grace Smith, Associate Administrator for Commercial Space Transportation within the Department of Transportation’s Federal Aviation Administration (FAA). Smith’s office is responsible for licensing, regulating and promoting the U.S. commercial space transportation industry – including the evolving public space travel sector.
"What we’ve come up with is a means by which space launch vehicle developers will be able to experiment and test their vehicles in much the same way that airplane developers do," Smith told an audience at the 24th International Space Development Conference. The event is being held here May 19-22, and sponsored by the National Space Society.


(Read the entire story here.)
Better late than never. Let's hope they arrive at a fair system, that takes into account the inherrent danger in Space travel of any sort, yet allows for a reasonable amount of experimentation and risk.