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Federal Communications Commission (FCC)

What is the Federal Communications Commission (FCC)?

The Federal Communications Commission (FCC) is the U.S. federal government’s regulatory agency for the majority of telecommunications activity within the country. The FCC oversees radio, television, telephone, satellite, and cable communications, and its primary statutory goal is to expand U.S. citizens’ access to telecommunications services.

The Commission is organized into 7 bureaus:

  • Consumer & Governmental Affairs
  • Enforcement
  • Media
  • Space
  • Wireless Telecommunications
  • Wireline Competition
  • Public Safety and Homeland Security

As an agency, the FCC receives its high-level directives from Congressional legislation and is empowered by that legislation to establish legal rules the industry must follow.

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SoftBank, DigitalBridge Need CFIUS Approval for Merger
January 6, 2026 |Investment Screening

SoftBank, a Japan-based investment management firm, and DigitalBridge, a global digital infrastructure investment firm, will need approval from the Committee on Foreign Investment in the U.S. and several other regulators before they can complete their merger, DigitalBridge said in its latest SEC filing. Along with CFIUS, they will also need approval from the Federal Energy Regulatory Commission, the Federal Communications Commission, the Monetary Authority of Singapore, the U.K.'s Financial Conduct Authority, and the EU under the EU Foreign Subsidies Regulation. SoftBank plans to buy DigitalBridge for about $4 billion, according to SoftBank's Dec. 29 press release.