To amend the Communications Act of 1934 to provide for time limits for action by the Federal Communications Commission on applications for the transfer of control or assignment of any license or other authorization subject to the jurisdiction of the Commission, and for other purposes.

The bill titled "To amend the Communications Act of 1934" and designated as H.R. 7742 in the 119th Congress, introduced on February 26, 2026, aims to modify the Communications Act to set time limits for Federal Communications Commission (FCC) action on applications regarding the transfer of control or assignment of licenses under the FCC's jurisdiction. The bill likely seeks to expedite FCC decision-making processes concerning license transfers and authorizations, and may include provisions addressing efficiency and timelines for FCC actions on such matters.