A bill to reestablish the National Aeronautics and Space Council, and for other purposes.

Amends the National Aeronautics and Space Act of 1958 to reestablish the National Aeronautics and Space Council. Revises the membership of the Council, vesting its leadership in a Chairman, to be appointed by the President, with the advice and consent of the Senate.

Directs the President to: (1) ensure that the U.S. space effort conforms to both domestic and foreign policy goals; and (2) report annually to the Congress on all significant aeronautical and space activities.