📡Proposed FCC Rule on Foreign Ownership Disclosure in Communications
Protecting Our Communications Networks by Promoting Transparency Regarding Foreign Adversary Control
Summary
In this document, the Federal Communications Commission (Commission) proposes to protect the Nation's communications networks against foreign adversary threats by proposing to expand foreign ownership disclosure requirements for covered Commission-issued licenses and authorizations. The proposed certification and information collection requirements would fill gaps in the Commission's existing rules and give the Commission, and the public, a new and comprehensive view of threats from foreign adversaries in the communications sector. Specifically, the Commission proposes to apply new certification and disclosure requirements on entities holding every type of license, permit, or authorization, rather than only certain specific licenses, as the Commission currently does. Furthermore, the Commission proposes to go beyond foreign ownership to also cover all regulated entities controlled by or subject to the jurisdiction or direction of a foreign adversary.
Agencies
- Federal Communications Commission
Business Impact
$$$ - High
The proposed rule imposes new disclosure requirements for foreign ownership of communication network licenses, impacting compliance costs and regulatory oversight for businesses across multiple sectors, such as telecommunications and media. It idealizes transparency, aiming to enhance national security, thus influencing operational strategies for affected entities.