TEAM TELECOM Act

The TEAM TELECOM Act establishes a new national security review process for telecommunications applications involving significant foreign ownership. It requires the FCC to refer such applications (e.g., for new infrastructure, submarine cables, or license transfers) to the NTIA Assistant Secretary, who leads a 120-day interagency review by key agencies like Defense, Homeland Security, and Justice. The review must determine whether to recommend FCC approval, approval with conditions, or denial, with a possible 45-day extension. The bill standardizes information requests and mandates timely updates to applicants during the process.