S2114-118

1. Short title This Act may be cited as the Foreign Adversary Communications Transparency Act.

2. List of entities holding FCC authorizations, licenses, or other grants of authority and having certain foreign ownership In this section: The term appropriate national security agency has the meaning given the term in section 9 of the Secure and Trusted Communications Networks Act of 2019 (47 U.S.C. 1608). The term Commission means the Federal Communications Commission. The term covered country means— the People’s Republic of China; Russia; Iran; North Korea; Cuba; and Venezuela. The term covered entity means— the government of a covered country; an entity organized under the laws of a covered country or otherwise subject to the jurisdiction of the government of a covered country; and a subsidiary or affiliate of an entity described in subparagraph (B) that is not organized under the laws of a covered country or otherwise subject to the jurisdiction of the government of a covered country. Not later than 120 days after the date of enactment of this Act, the Commission shall publish on the internet website of the Commission a list of each entity— that holds— an authorization issued by the Commission; a license issued by the Commission; or any other grant of authority issued by the Commission; and either— any of the equity interest (or equivalent thereof) of which is owned by a covered entity; or that is not covered by subparagraph (A) but that the Commission, in consultation with an appropriate national security agency, considers appropriate. The Commission shall update the list published under subsection (b) not less frequently than annually.