FL H0703

Expands the definition of "spaceflight entity" to include manufacturers and suppliers of components, services, or vehicles reviewed by the FAA as part of issuing spaceflight licenses or authorizations.

Provides immunity from liability for spaceflight entities for participant injuries or deaths resulting from inherent risks of spaceflight activities, provided a required warning statement is signed.

Liability protections do not apply if the spaceflight entity commits gross negligence, willful or wanton disregard for safety, fails to disclose known dangerous conditions, or intentionally injures a participant.

Requires spaceflight entities to distribute and obtain participant signatures on a specific warning statement describing the inherent risks of spaceflight activities.

Repeals the October 2, 2018 expiration date, making the liability immunity provisions permanent rather than subject to legislative reenactment.