Foreign Adversary Communications Transparency Act passed the Senate 269 days after introduction and awaits a vote in the House

Foreign Adversary Communications Transparency Act This bill requires the Federal Communications Commission (FCC) to annually publish a list of entities that hold a license or other authorization granted by the FCC and have ties to specified foreign countries. With respect to entities holding cable landing licenses (for the placement and operation of submarine communications cables) or other licenses granted via competitive auction, the FCC must publish a list of all such entities (1) in which a covered entity holds a specified voting or equity interest, or (2) that have been determined by a national security agency to be subject to the control of a covered entity. With respect to entities holding all other categories of FCC licenses or other authorizations, the FCC must first issue rules facilitating the collection of information on such licensees’ ownership structure. After that information is obtained, the FCC must add to the published list any such entity in which a covered entity holds a specified voting or equity interest. Under the bill, a covered entity is defined as an entity organized in China, Iran, North Korea, or Russia; a subsidiary of such an entity; or the government of China, Iran, North Korea, or Russia.