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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Sep 28, 2016.
Commercial Remote Sensing Act of 2015
(Sec. 2) This bill directs the Department of Commerce to report annually to the House Committee on Science, Space, and Technology and the Senate Committee on Commerce, Science, and Transportation on: (1) the implementation of its authority to license private entities to operate private remote sensing space systems; (2) all notifications and information provided to Commerce by licensees; and (3) all administrative actions taken to adjust penalties for violations of licensing requirements, issue subpoenas, and seize by warrant material necessary to investigate violations of licensing requirements.
(Sec. 3) Commerce must also report to such Committees on statutory updates necessary to protect national security, privacy (which is not to be taken as altering any condition or standards for licensing), and the U.S. industrial base, and to reflect the current state of the art of remote sensing systems, instruments, or technologies.