The Federal Aviation Administration (FAA) will be taking on several new roles as the US moves into a future of private and commercial space travel. They are currently preparing to issue their first license for re-entry to Space-X for a test flight of their craft, Dragon.
The FAA is also preparing for an expanded role in space travel. According to Irene Klotz of Discovery News, they FAA is currently organizing a research consortium to look into issues of 1) space launch operations and traffic management; 2) launch vehicle systems, payloads, 3) technologies and operations; 4) commercial human spaceflight; and 5) space commerce, including space law, space insurance, space policy and space regulation. If funding goes ahead they will also be establishing a technical operations center at Kennedy Space Center.