O'Rielly Hails DOJ Interest in Team Telecom Codification, Suggests Addition to CFIUS Bill
FCC Commissioner Mike O'Rielly hailed interest in formalizing Team Telecom reviews that was expressed by a DOJ official (see 1711080040). He said in the first of three tweets Monday, "@Comm_Daily reported last week from @FCBALaw event that pertinent Admin staff…
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seek & support codified 'Team Telecom,' process. What good news! Maybe Congress can add to [Committee on Foreign Investment in the United States] reauth?" "Codifying a streamlined/time-limited but effective 'Team Telecom' review structure can eliminate opaque & dreadfully slow process while still fully protecting national security needs. @FCC should have done this years ago -- it’s time to act now!" " he added. "'Team Telecom' codification of defined and reformed process is a win-win: non problematic transactions can avoid delays & problematic ones can be dealt with easier. Let’s make it happen!" The FCC also has an open rulemaking on revising Team Telecom reviews (see 1608190048 and 1609060068). Spokespersons for Sen. John Cornyn, R-Texas, who's spearheading CFIUS reauthorization efforts, and the FCC didn't comment.