The bill S. 690, titled the "Network Equipment Transparency Act" or the "NET Act," instructs the Federal Communications Commission (FCC) to assess the effect of the telecommunications network equipment supply chain on the availability of universal service in the United...
Simple Explanation
The "NET Act" is a rule that asks a group called the FCC to check if not having enough phone network parts makes it hard to get everyone in the country connected to good phones and internet. It also makes sure that phone companies don't have to share extra information because of this rule.