Profiles of Existing Government Corporations - US Government ...

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NANE: comaunicationa Satellite Corporation (COH!UT)
CORPORATION PROIILS
PURPOSE: CONSAT is to:
--furnish, for hire, channels of coamunication to U.S.
common carriers and other authorized entities:
--own and operate l atollite terminal stations whan licensed
by the Federal Comaunicationa Comaiaaion (FCC):
--plan, initiate, construct, own, manage, and operate
itself, or in conjunction vith foreign governments or
buainaaaea, a commercial satellite system: and
--participate in the International Maritime Satellite
Organization as the sole designated operating entity of
the United States.
LRGAL NJTNoRITy: 47 U.S.C. 701-757
DATE CREATED: August 31, 1962. COMSAT was incorporated under
the lava of the District of Columbia on February 1, 1963.
LEGISIATED T'ERXINATIOW DATE: None specified in enabling
lagialation.
LgcAL STATUS: Private for profit D.C. corporation.
AGENCY STATUS: Not an agency or l atabliahaent of the United
States government.
BOARD OP DIRECTORS: The board ham 15 members: members must be
American citiaenm. Three of the 15 namber8 ar8 appointed by the
President with the advice and consent of the Senate. The
remaining twelve are elected annually by tha stockholders. six
members shall be elected by the l tochholdera who are not
coamunicationa coaaon carriers, and the remaining six shall be
elected by l tocbholdera who are comaunicationm common carriers.
There are exceptions to this proviaion.a
ADVISORY BOARD WEWBRRS: None specified in enabling lagialation.
PARXNTAGMCY: None specified in enabling leqialation.
Al'PILIATEDAGDNCIES: The FCC authorlaos stock ownership by
common carriers, l n8urea competitive bidding and equal access to
channels, may require l 8tabliahaent of aervicos, regulates
technical operation8 and rates, authorizaa l tationa, and approves
debt and guaranteoa. Stats Department advi~ea on foreign
negotiations. The National Aeronautics and Space Adainiatration
advises and assists on research and development and furnishes
services such as l atallite launches.