Bill > HR820

This bill, the Foreign Adversary Communications Transparency Act, directs the Federal Communications Commission (FCC) to publish a list of entities that hold FCC authorizations, licenses, or other grants of authority and have certain foreign ownership or control. Specifically, the bill requires the FCC to identify entities where a "covered entity" (the government of, or an entity organized under the laws of, a "covered country" like China or Russia) holds an equity or voting interest, or exerts control, regardless of equity ownership. The FCC must publish this list within 120 days and update it annually. The bill also directs the FCC to issue rules within 18 months to identify additional entities with foreign ownership or control that are not subject to the initial 120-day requirement.