Executive Order Formalizes Team Telecom Review Process
On April 4, 2020, President Trump issued an executive order establishing the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector (the “Committee”). The establishment of the Committee largely codifies the current ad hoc Team Telecom review process by providing formal authority to the Committee to review certain license applications and otherwise participate in reviews of telecommunications related transactions. While we do not expect a significant change to existing practices, this executive order institutes more certainty around that process.