Review of Foreign Ownership Policies for Broadcast, Common Carrier and Aeronautical Radio Licensees

In this document, the Federal Communications Commission (Commission or FCC) adopted a Notice of Proposed Rulemaking (NPRM), in which it seeks comment on or proposes updates to set clear expectations about the Commission's review in both common carrier and broadcast licensees and on other updates that apply only to broadcast licensees. With regard to common carrier licensees, the NPRM seeks comment on or proposes to amend the rules to codify existing policy regarding which entity is the controlling U.S. parent; codify the Commission's advance approval policy regarding certain deemed voting interests; require identification of trusts and trustees; extend the remedial procedures and methodology to privately held companies; add requirements regarding the contents of remedial petitions; require the filing of amendments as a complete restatement to petitions for declaratory ruling; and clarify U.S. residency requirements. For broadcast licensees only, the NPRM seeks comment on how the Commission should process applications filed by a broadcast licensee during the pendency of a remedial petition for declaratory ruling; and other foreign ownership considerations related to processing applications for NCE and LPFM stations. The NPRM proposes to make it easier for entities to understand and navigate the FCC's foreign ownership rules. The FCC believes that this proceeding will avoid inconsistent outcomes; reduce costs; and facilitate the Commission's public interest analysis.