FCC Issues Reminder About Foreign Investment Info

The chief of the FCC Enforcement Bureau is reminding license holders of their obligations to provide the FCC with accurate, timely information about foreign ownership and investments. That includes broadcast stations.

The bureau has issued an enforcement advisory to remind licensees and telecommunications providers with reportable foreign ownership, investment or control “to file prompt, accurate and complete information” about it.

“There are consequences for failing to file accurate or timely information with the FCC about changes related to foreign involvement in companies with access to U.S. communications networks,” said Chief Loyaan A. Egal in an announcement.

“When it comes to assessing U.S. national security and law enforcement interests, we will be vigilant in ensuring that companies comply with these important disclosure requirements.”

Read more – TVTech: