CBO: Foreign Adversary Communications Transparency Act Would Cost FCC $4 Million
The Congressional Budget Office said Tuesday it expects the FCC would need $4 million to implement the Foreign Adversary Communications Transparency Act (HR-820) in fiscal years 2024-2029. HR-820 would require the agency to publish a list of communications companies holding…
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FCC licenses or other authorizations in which China and other foreign adversaries’ governments possess 10% or more ownership. The House Commerce Committee advanced the measure in March (see 2403200076). The FCC “would need five employees, at an annual cost of $200,000 per employee, for the first two years, to review existing grants of authority, and two employees after 2026 to review new applications and changes in ownership,” CBO said. “However, because the FCC is authorized to collect fees each year sufficient to offset the appropriated costs of its regulatory activities, CBO estimates that the net cost to the FCC would be negligible, assuming appropriation actions consistent with that authority.”