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federal_register: 2013-29698

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document_number title type abstract publication_date pub_year pub_month html_url pdf_url agency_names agency_ids excerpts regulation_id_numbers
2013-29698 Commission Policies and Procedures Under the Communications Act, Foreign Investment in Broadcast Licensees Notice This Declaratory Ruling is intended to remove apparent uncertainty regarding Commission policies and procedures in reviewing broadcast applications for transfer of control, or requests for declaratory ruling, that seek greater than 25 percent indirect foreign ownership in the controlling U.S. parents of broadcast licensees pursuant to the Communications Act of 1934. The ruling clarifies that the Commission intends to evaluate any applications or proposed transactions that would exceed the statutory 25 percent benchmark on a case-by-case basis. The Declaratory Ruling responds to a request from a broad coalition of interested parties, including broadcasters, public interest groups and the financial sector, that the Commission clarify that it intends to exercise its statutory discretion to conduct a substantive, facts and circumstances evaluation of proposals seeking above-the-benchmark foreign investment. 2013-12-12 2013 12 https://www.federalregister.gov/documents/2013/12/12/2013-29698/commission-policies-and-procedures-under-the-communications-act-foreign-investment-in-broadcast https://www.govinfo.gov/content/pkg/FR-2013-12-12/pdf/2013-29698.pdf Federal Communications Commission 161 This Declaratory Ruling is intended to remove apparent uncertainty regarding Commission policies and procedures in reviewing broadcast applications for transfer of control, or requests for declaratory ruling, that seek greater than 25 percent indirect...  

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