yes it does, along with other modifications like additional banks of channels, etc... but the FCC walked away from enforcing part 95 a long time ago... occasionally if a modified radio is interfering with "safety of life" services, such as aircraft, emergency services, etc.., the FCC will search for that radio (modification of some parts of the transmitter section can generate harmonics or intermod products which can cause interference in other bands). in making any transmitter adjustments, a spectrum analyzer is a must... a good SDR radio can act as a spectrum analyzer, but with SDRs, you often get what you pay for... if i were trying to use an SDR as a spectrum analyzer for doing transmitter adjustments, i would be using something other than the $5-$25 range of typical SDR radios.