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Commission Document Attachment

STATEMENT OF CHAIRMAN JULIUS GENACHOWSKI

FEDERAL COMMUNICATIONS COMMISSION

WASHINGTON, D.C.

APRIL 18, 2013

Re: Reducing Regulatory Burdens and Facilitating Investment by Streamlining Foreign
Ownership Review

With this item to streamline and modernize our policies for reviewing foreign ownership, we
take another action in our agency-wide efforts to eliminate unnecessary regulations and improve
the transparency and predictability of the Commission’s work.
Ultimately, this action will unleash more foreign investment, an important source of financing
for U.S. telecommunications companies, fostering technical innovation, economic growth, and
job creation.
In the first days of my chairmanship, I launched an agency-wide review of rules and regulations,
appointing a Special Counsel for FCC Reform, and asking all of the Bureaus to incorporate such
review into their daily work.
Agency-wide, we’ve made significant progress. We’ve eliminated over 300 regulations since
January 2011. And we continue to review data collections, reduce backlogs, and improve
processes.
The International Bureau has been a leader in this effort. Among many actions, they’ve
streamlined the international reporting requirements in Part 43 of our rules, removing five
unnecessary data collections, as well as eliminating reporting requirements for over 1000 small
carriers – leading to an overall estimated 30% reduction in industry burden.
They’ve removed the International Settlements Policy (ISP) from the Commission’s rules –
allowing U.S. carriers more flexibility to negotiate commercial agreements for international
telephone rates.
And they are in the middle of a proceeding to streamline and modernize the Commission’s rules
related to satellite licensing.
The Foreign Ownership Second Report and Order is yet another step in the reform of our rules.
This Order is the result of a review of our policies and procedures for foreign ownership review
under sections 310(b) of the Communications Act as they apply to common carrier wireless and
certain aeronautical radio station licensees. It will:
(1) reduce the regulatory costs and burdens imposed on wireless common carrier and
aeronautical applicants, licensees, and spectrum lessees by reducing the number of petitions by
40 to 70 percent, as well as the number of burden hours;

(2) provide greater transparency and more predictability with respect to the Commission’s
foreign ownership filing requirements and review process; and
(3) facilitate investment from new sources of capital, while continuing to protect important
interests related to national security, law enforcement, foreign policy, and trade policy.
I thank the staff for all their hard work on this and on the many reforms they’ve made over the
last few years.

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