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…
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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).