Guests: Jeremy Straub, Joe Vacek. Topics: The impact of rules & regulations on small businesses, academics from a smallsat perspective. Please direct all comments and questions regarding Space Show programs/guest(s) to the Space Show blog, http://thespaceshow.wordpress.com. Comments and questions should be relevant to the specific Space Show program. Written Transcripts of Space Show programs are a violation of our copyright and are not permitted without prior written consent, even if for your own use. We do not permit the commercial use of Space Show programs or any part thereof, nor do we permit editing, YouTube clips, or clips placed on other private channels & websites. Space Show programs can be quoted, but the quote must be cited or referenced using the proper citation format. Contact The Space Show for further information. In addition, please remember that your Amazon purchases can help support The Space Show/OGLF. See www.onegiantleapfoundation.org/amazon.htm. For those listening to archives using live365.com and rating the programs, please email me as to why you assign a specific rating to the show. This will help me bring better programming to the audience. We welcomed Jeremy Straub & Joe Vacek to the program to discuss the impact of rules and regulations on small businesses, startups, entrepreneurs, academics, and researchers, all from the small satellite industry perspective. Originally we were to do a one hour program but we went long for 80 minutes. in just one segment. We started our discussion on the light subject of Joe's all weather bike riding, including the winters in Grand Forks, ND with studded bike tires. After talking about cross country and all weather bike riding, we talked about how small businesses are adversely impacted by rules and regulations which according to the Supreme Court, have the effect of legally passed laws. Our guests started off citing ITAR and remote sensing as an example. Most of the rules & regs are in support of the large satellite industry so it can be burdensome on small satellites. I asked about privacy issues which were addressed in detail during our program. Our guests said that privacy issues was the opening of Pandora's Box. Later in the discussion, privacy came up again in the context of the 4th Amendment to the U.S. Constitution. Our guests talked about the difference in federal privacy issues as compared to state issues, specifically regarding aerial surveillance. Later, more was said about ITAR issues as well as issues raised by the Export Administration Regulations (EAR). The issue of the need for a variety of government licenses from different agencies was discussed along with the burden this can cause for the groups we focused on in this discussion. We talked about compliance, what happens if the rules & regs are violated, even if by accident. Our guests pointed out the compliance burden on the smaller organizations as well as the legal defense costs if such a strategy is deployed by the companies. As a possible remedy, both our guests talked about establishing a safe harbor rule which they described during our discussion. In short, if a good faith effort was made to comply but something was done wrong or missed, a safe harbor rule would help the company avoid significant prosecution. Our guests strongly recommended doing due diligence on the rules & regulations prior to starting the business or a specific type of mission. They even suggested hiring a professional to do the due diligence if the company cannot do it themselves but they stressed many times during the segment that it was essential to do thorough rule & regulatory due diligence. I asked our guests for closing comments. Jeremy & Joe left us with important points to consider based on our discussion. We thanked the listeners for emailing in questions and comments. Please post your comments/questions on TSS blog above. You can reach either of our guests through me.