Foreign Adversary Communications Transparency Act

HR 906 requires the Federal Communications Commission (FCC) to publish and maintain a public list of communications entities (like radio or cable companies) holding FCC licenses that have ownership ties to "covered countries" (nations designated under U.S. law). This affects FCC license holders with foreign ownership from those countries, as the FCC must identify them using ownership rules or national security agency determinations. The bill mandates the FCC to update this list annually, with an initial list due 120 days after enactment and full implementation within 18 months. The law aims to increase transparency around foreign influence in U.S. communications infrastructure without changing licensing standards.