New Foreign Reporting Rules Coming

While the Report & Order is not yet public, the FCC has issued a news release that it has adopted new foreign adversary control reporting requirements for all FCC licensees. Reporting obligations will be tailored to licensees based upon factors that include the national security risk and reporting burdens.

Any new reporting will not become effective until a date in the future after the Office of Management & Budget reviews the new reporting requirements and burdens. We’ll cover the new requirements in further detail in next month’s newsletter or in client communications.

The Commission also adopted new rules codifying its procedures for reviewing foreign ownership control issues.