ORBIT Act

[AI summary unavailable — showing source text] Open-market Reorganization for the Betterment of International Telecommunications Act - Amends the Communications Satellite Act of 1962 to require COMSAT (the Communications Satellite Corporation), as the sole U.S. signatory to INTELSAT (the International Telecommunications Satellite Organization), to act as an advocate of pro-competitive privatization of INTELSAT, and to exercise its voting rights consistent with such mission. Requires annual reports from COMSAT to specified congressional committees. Prohibits INTELSAT from entering the U.S. satellite communications services or space segment capacity markets prior to achieving pro-competitive privatization as certified by the President. Outlines specified services provided by INTELSAT that shall not be authorized in the United States by the Federal Communications Commission (FCC) until the President makes such certification. Directs the President to secure a pro-competitive privatization of INTELSAT as soon as practicable, but no later than January 1, 2002. Directs the FCC to: (1) apply a presumption in favor of entry to an affiliate of IGO (Intergovernmental Satellite Organizations, which are made up of INTELSAT and INMARSAT (the…