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Team Telecom
Proposed bill would set DHS point person on CFIUS, Team Telecom

Proposed bill would set DHS point person on CFIUS, Team Telecom

A bill proposed to strengthen U.S. supply chains and domestic production capacity would formally have the Assistant Secretary for Trade and Economic Security at the Department of Homeland Security serve as the “point person” on CFIUS and Team Telecom. Details inside.

FDI expert: CFIUS, Team Telecom may get more assertive over time

FDI expert: CFIUS, Team Telecom may get more assertive over time

This week, we sit down with John Beahn, who recently joined the law firm of Milbank as its first full-time CFIUS partner. According to Beahn, CFIUS and Team Telecom “only have begun to scratch the surface of the authorities provided to them” by FIRRMA. Details and insights inside.

FCC to fine U.S. telecom firm for exceeding foreign ownership limits

FCC to fine U.S. telecom firm for exceeding foreign ownership limits

The Federal Communications Commission has accused a U.S. wireless carrier of “repeatedly” transferring control of its FCC licenses to foreign individuals. The firm’s parent company in London will be fined $600,639. Details, the case, and what this may signal about Team Telecom are inside.

The CFIUS arms race continues; firm hires former Treasury counsel

The CFIUS arms race continues; firm hires former Treasury counsel

Bridget Reineking, who most recently served in the Treasury Department where she directed the Office of the General Counsel’s national security work, has joined the law firm of Cooley as special counsel in the firm’s CFIUS practice. Details and other similar moves are inside.

Former chair of Team Telecom expects more assertive Committee

Former chair of Team Telecom expects more assertive Committee

This week we sit down with Richard Sofield, the former chair of Team Telecom, to discuss the new Committee, cross-over with CFIUS, and more. Of note: Richard predicts a more active regime. “I think we are seeing Team Telecom become increasingly assertive in multiple ways.”

Compliance Reminder: New Team Telecom rules effective Dec. 28

Compliance Reminder: New Team Telecom rules effective Dec. 28

As we covered back in October, the FCC has adopted a new Team Telecom review process that should improve the transparency and timeliness of foreign ownership reviews. The new review process becomes effective this week. Details, downloads, fact sheets and contacts are inside.

Compliance Reminder: New Team Telecom rules effective Dec. 28

FCC streamlines its process for reviewing foreign ownership

This week, the Federal Communications Commission adopted new rules that should improve the transparency and timeliness of foreign ownership reviews. Details on the new “Team Telecom” review process, and how it relates to CFIUS, are inside.

If CFIUS wasn’t enough: New committee to review telecom deals

If CFIUS wasn’t enough: New committee to review telecom deals

Last week, President Trump formalized the “Team Telecom” review process, creating a Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector (can you say, “CAFPUSTSS”?). Details and the Executive Order are inside.