Bill > HR906

This bill requires the Federal Communications Commission (FCC) to create and maintain a public list of communications-related entities that have significant foreign ownership or connections to certain countries deemed potential national security risks. Specifically, the FCC must publish this list within 120 days of the bill's enactment, identifying entities with FCC licenses for specific communications services (such as wireless spectrum and cable landing licenses) where a "covered entity" (which includes governments, companies, or subsidiaries from designated countries) either holds a reportable equity/voting interest or has been determined by a national security agency to exert control. The bill mandates that the FCC develop additional rules within 18 months to expand the list to cover other types of FCC authorizations and will require annual updates to the list. A "covered country" is defined by reference to existing national security legislation, and the bill exempts this information-gathering process from standard paperwork reduction requirements. The goal appears to be increasing transparency about foreign ownership and potential national security risks in U.S. communications infrastructure by creating a comprehensive, publicly accessible database of entities with foreign connections.

Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/906/all-info