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National Security: New Rules for Foreign Telecom Investment Review

This act introduces new rules for reviewing foreign investments in telecommunications companies to protect national security. This means transactions like acquisitions or mergers will be more thoroughly vetted for potential threats. The goal is to ensure the country's communication infrastructure remains secure and reliable for all citizens.
Key points
Establishes a mandatory interagency national security review process for certain foreign investments in the telecommunications sector.
Sets clear deadlines for government agencies to complete reviews and issue recommendations on approving or denying transactions.
Increases transparency in the review process by publishing standardized questions for companies and providing status updates.
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Additional Information
Print number: 117_HR_4029
Sponsor: Rep. Johnson, Bill [R-OH-6]
Process start date: 2021-06-22