A penalty of at least $9,000 per violation for pre-authorization defaults
What the document says“In adopting rules for any new covered funding award, the Commission shall set a penalty for pre-authorization defaults of at least $9,000 per violation”
A floor under the penalty, written into the statute rather than left to the rules. When the Commission adopts rules for any new covered funding award, the penalty it sets for a pre-authorization default is to be at least $9,000 for each violation. The section states the floor and leaves the rest of the penalty to the Commission.
What the document actually says“In adopting rules for any new covered funding award, the Commission shall set a penalty for pre-authorization defaults of at least $9,000 per violation”
The FCC must charge at least $9,000 each time someone drops out before they are cleared.
People bid for this money. Some win and then drop out early. This sets the least the fine can be. The FCC may charge more than that.
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