Bond Surety Could Help Deter Spectrum Warehousing, IB Staff Told
A surety -- increasing by fixed amounts every year the penal sum of a bond -- would meet FCC goals of an "escalating" bond requirement for satellite operators so that a potential payment increases over time, Robert Duke of the…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
Surety & Fidelity Association of America told International Bureau staff in a meeting detailed in an FCC filing posted Friday in docket 12-267. The agency last year initiated a rulemaking to modify Part 25 rules for earth station and satellite licenses, including revising bond requirements to try to deter spectrum warehousing (see 1411060049).