14 C.F.R. § 431.21 General.
Title 14 - Aeronautics and Space
The FAA issues a policy approval to an RLV mission license applicant upon completion of a favorable policy review. A policy approval is part of the licensing record on which the licensing determination is based.
Title 14: Aeronautics and Space
PART 431—LAUNCH AND REENTRY OF A REUSABLE LAUNCH VEHICLE (RLV)
Subpart B—Policy Review and Approval for Launch and Reentry of a Reusable Launch Vehicle
§ 431.21 General.