In 1962, President Kennedy signed the Satellite Act. Congress thus stated that it was to be the policy of the U.S. "to establish, in conjunction and in cooperation with other countries, as expeditiously as practicable a commercial communications satellite system, as part of an improved global communications network, which will be responsive to public needs and national objectives, which will serve the communication needs of the United States and other countries, and which will contribute to world peace and understanding." The service was to sensitive to meeting the needs of economically less developed countries. Control of international satellite communications was given to a new private corporation called the Communications Satellite Corporation or Comsat.«[Image: Communications satellite; inset bottom left: Comsat logo.] Uncle Sam's private profitseeking corporations: Comsat, Fannie Mae, Amtrak, and Conrail, by Lloyd D Musolf. - book suggestion.