Foreign Adversary Communications Transparency Act

The Foreign Adversary Communications Transparency Act would require the Federal Communications Commission (FCC) to publicly list entities that hold FCC authorizations, licenses, or other grants of authority and that have certain foreign ownership tied to “covered entities” from designated foreign countries. The bill defines “covered country” and “covered entity,” and directs the FCC to publish an initial list within 120 days, to develop rules within 18 months to identify additional entities, and to update the list at least annually. The list would include entities in which a covered entity holds a required ownership interest or in which an appropriate national security agency has determined that the entity exerts control. The act also provides a Paperwork Reduction Act exemption for these information collections. In short, the bill aims to increase transparency about foreign ownership or control in entities holding FCC licenses or authorizations, with ongoing updates to the public list.