Report from Washington. Communication satellite, 1962 May 5

Congressman Peter H. Dominick (R-Colo.) delivers his weekly radio address, Report from Washington, on May 3, 1962. Rep. Dominick announces the passage of a bill in the House creating a satellite communications corporation. Dominick explains that the corporation is a joint venture between government agencies, including the National Aeronautics and Space Administration (NASA) and the Federal Communications Corporation (FCC), and private communications companies who will work together to establish a commercial system of global communication using satellites. Dominick also discusses the administrative structure of the corporation and how it will be financed.