The FCC has adopted a Report and Order codifying existing foreign ownership practices into its rules related to the review of foreign ownership structures for Section 310(b) purposes. In implementing Section 310(b) of the FCC’s rules, which imposes certain restrictions on who may hold various types of radio licenses and requires the FCC to review foreign investment in licensees, the Commission has adopted numerous policies that it has never codified in its rules.
Specifically, the Commission has adopted relevant definitions and concepts, clarified the information required in initial and remedial filings, minimized the need for additional filings, and promoted efficient and shorter processing of Section 310(b) petitions for declaratory ruling.
