CABLE Competition Act

HR 4927, the CABLE Competition Act, amends rules for transferring cable television franchises. It requires franchising authorities (like local governments) to sell or transfer revoked cable systems at fair market value, and prohibits them from blocking transfers to new owners who agree to the existing franchise terms. The bill also mandates 15 days' written notice to authorities before transferring a franchise to a new owner not originally granted it, covering transfers via mergers, sales, or control changes. This directly affects cable operators, franchising authorities, and potential new owners of cable systems by changing how franchise transfers can occur.