"With the Senate passage of my FACT Act
, we mark a crucial step in the mission to secure America's tech and telecommunication markets from foreign adversaries. We cannot allow adversarial regimes like communist China and Russia to infiltrate our communication networks and undermine our people and country, which is why I introduced and shepherded this bill through the Senate. I'm grateful for the bipartisan support of my colleagues, and I look forward to getting this bill to the President's desk to be signed into law," Fischer said.
Background on the FACT Act:
The
FACT Act would require the Federal Communications Commission (FCC) to publicly identify entities that hold FCC licenses, authorizations, or other grants of authority that are owned, wholly or partially, by foreign adversarial governments. This includes the governments of China, Russia, Iran, and North Korea.
Until now, there has been no mandated public disclosure of companies linked to foreign adversaries operating within U.S. technology and telecommunication markets.
Although the FCC is prohibited from granting licenses or authorizations deemed a national security threat, some entities with ties to adversarial foreign governments continue to hold certain approvals. As a result, more transparency is necessary.
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