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Transparency of Foreign Ownership in Communication Companies

This new law requires the Federal Communications Commission (FCC) to publish a list of telecommunication companies with foreign ownership from specific countries. This aims to increase transparency and public awareness about entities that might influence their communication and data security.
Key points
The FCC will publish a list of telecommunication companies where at least 10% of equity is owned by entities from China, Russia, Iran, or North Korea.
The list will be updated at least annually, allowing citizens to stay informed about changes in company ownership.
The act aims to enhance national security by identifying entities that could pose a risk to communication networks.
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Additional Information
Print number: 117_HR_9236
Sponsor: Rep. Stefanik, Elise M. [R-NY-21]
Process start date: 2022-10-25