On April 4, 2020, President Trump issued an
Executive Order establishing a Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector. The Order formalizes the presently ad hoc “Team Telecom” process of national security review of communications transactions involving foreign investment and adds to the complex regulatory environment for these deals. Soon after, FCC Chairman Ajit Pai applauded the action and
announced that the Commission would conclude its
pending rulemaking to reform its foreign ownership review processes.