Bill 119 hr 906, also known as the "Transparency in FCC Regulation Act," aims to increase transparency within the Federal Communications Commission (FCC) by requiring the FCC to publish a list of entities that hold authorizations, licenses, or other grants of authority from the Commission and have certain levels of foreign ownership. This information will help ensure that the public and policymakers are aware of any potential foreign influence in the telecommunications industry.
The bill also includes provisions for the FCC to review and update this list on a regular basis, as well as to provide a detailed explanation of the criteria used to determine foreign ownership levels. Additionally, the bill requires the FCC to report to Congress on any actions taken to address any potential national security concerns related to foreign ownership of entities holding FCC authorizations.
Overall, the Transparency in FCC Regulation Act seeks to promote accountability and transparency within the telecommunications industry by shedding light on any foreign ownership of entities holding FCC authorizations. This information will help safeguard national security interests and ensure that the FCC operates in a transparent and accountable manner.