House Oversight Committee GOP leaders said Thursday night they launched an investigation into the FCC’s handling of radio group Audacy’s request for a temporary waiver of FCC foreign-ownership rules to complete a bankruptcy restructuring that includes George Soros-affiliated entities purchasing its stock. Panel Chairman James Comer, R-Ky., and Rep. Nick Langworthy, R-N.Y., claim the FCC’s expected approval of Audacy’s request (see 2409170015) represents a politicization of the review process just more than one month before the Nov. 5 presidential election. Langworthy briefly raised the issue during a House Oversight hearing earlier this month (see 2409190063).
U.S. Trade Representative (USTR)
The U.S. cabinet level position that oversees trade negotiations with other countries. USTR is part of the Executive Office of the President. It also administers Section 301 tariffs.
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