H.R. 906 — Foreign Adversary Communications Transparency Act

This section directs the Federal Communications Commission (FCC) to publish on its website, not later than 120 days after enactment, a list of entities holding FCC licenses issued pursuant to spectrum auctions (47 U.S.C. 309(j)) or the Cable Landing Licensing Act (47 U.S.C. 34 et seq.) and Executive Order 10530 (3 U.S.C. 301 note) where a covered entity holds a reportable equity or voting interest or an appropriate national security agency determines the covered entity exerts control. It further requires the FCC to (1) issue rules within 18 months of enactment to identify entities holding other FCC authorizations with reportable covered entity ownership interests, (2) add those entities to the list within one year after issuing the rules, and (3) update the list annually. The section exempts related information collections from the Paperwork Reduction Act and defines terms including "covered country" (as specified in 10 U.S.C. 4872(f)(2)), "covered entity" (i.e., government of a covered country, entity organized under its laws, or such entity's subsidiary), and "appropriate national security agency" (as in 47 U.S.C. 1608).