H. R. 820 requires the Federal Communications Commission (FCC) to create and publish an online list of entities that hold FCC licenses or authorizations and have specific foreign ownership. This list must be published within 120 days of the act's enactment and updated...
Simple Explanation
The bill wants the FCC to make a list of companies that have special permissions and might be owned by people from other countries, so everyone can see it online. They have to make this list in a short time and keep it updated every year.