Bill > S259

This bill requires the Federal Communications Commission (FCC) to create and maintain a public online list of entities holding certain FCC licenses that have ownership connections to countries deemed potential national security risks. Specifically, the bill mandates that within 120 days of enactment, the FCC must publish a list of entities holding licenses for telecommunications and cable landing operations where a "covered entity" (defined as the government, a legally organized entity, or a subsidiary of an entity from a specified high-risk country) either holds a significant equity/voting interest or exerts control. The FCC must also develop rules within 18 months to identify additional entities with such foreign ownership across other types of FCC authorizations, and must update the list at least annually. The bill aims to increase transparency about foreign ownership in U.S. communications infrastructure, potentially addressing national security concerns by making such relationships publicly known. The legislation is exempt from standard paperwork reduction regulations and requires collaboration with national security agencies to determine appropriate inclusions on the list.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/senate-bill/259/all-info