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Foreign Adversary Communications Transparency Act

Source: Congress.gov  ·  954 words in original text
This bill requires the Federal Communications Commission (FCC) to create and publish a public list of companies that hold FCC licenses or authorizations and are owned or controlled by foreign governments or foreign companies from certain countries. The FCC must update this list at least once per year.
The FCC (a federal agency that regulates communications), companies that hold FCC licenses or other authorizations from the FCC, and the public who can view the list online.
• The FCC must publish a list on its website within 120 days showing all companies that hold certain FCC licenses and have foreign ownership or control from designated countries (Sec. 2(a)). • A company goes on the list if a covered foreign entity holds a voting or ownership stake that the FCC's rules require to be reported, or if a national security agency determines a foreign entity controls the company (Sec. 2(a)(2)). • Within 18 months, the FCC must create rules to find other companies that hold FCC authorizations and have foreign ownership interests that must be reported (Sec. 2(b)(1)). • Within one year after creating those rules, the FCC must add those companies to the public list (Sec. 2(b)(2)). • The FCC must update the list at least once per year (Sec. 2(d)).
The public will be able to see which companies that hold FCC licenses have foreign ownership or control from certain countries. This information will be available online for anyone to view.
• Covered country: A country listed in a specific section of federal law about defense (Sec. 2(e)(3)). • Covered entity: A foreign government from a covered country, any company organized under laws of a covered country, or a subsidiary or affiliate of such a company (Sec. 2(e)(4)).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.