RCCs current featured white paper is "The 800 MHz Rebanding: A Framework for Risk Analysis". This paper focuses upon the Rebanding Risk which includes a number of specific kinds of risks to licensees that will almost certainly arise in the 800 MHz rebanding process. The paper seeks to demonstrate that (i) the Rebanding Risk and the several components thereof (a) are real and substantial, (b) must be of concern to all affected licensees, and (c) can be usefully analyzed; (ii) such analysis can provide a foundation for the development of means to manage these risks, and (iii) the Rebanding Risk and its components need to be understood, analyzed, and managed as a critical element of an appropriate response of every licensee to the rebanding process.