Foreign Adversary Communications Transparency Act

This bill requires the Federal Communications Commission (FCC) to publish and annually update an online list of U.S. communications companies (like phone or internet providers) that have foreign ownership or control from designated adversarial nations. It directly affects FCC license holders - such as telecom companies - that hold foreign government or entity stakes, as defined by the law. The key mechanism is the FCC’s mandate to identify these entities through new rules and place them on a public list within one year of rulemaking, ensuring transparency about foreign influence in critical communications infrastructure. The law does not change existing ownership rules but requires the FCC to disclose this information to the public.