H.R. 820 would require the Federal Communications Commission (FCC) to publish annually a list of entities with ties to China, Iran, North Korea, or Russia that hold licenses or authorizations granted by the commission.

Based on information from the FCC, CBO expects that the agency would need five employees, at an annual cost of $200,000 per employee, for the first two years, to review existing grants of authority, and two employees after 2026 to review new applications and changes in ownership. On that basis, CBO estimates that it would cost the FCC $4 million over the 2024-2029 period to issue rules and identify whether any of those four nations hold equity or a voting interest in organizations that have an authorization, license, or other grant of authority issued by the commission. However, because the FCC is authorized to collect fees each year sufficient to offset the appropriated costs of its regulatory activities, CBO estimates that the net cost to the FCC would be negligible, assuming appropriation actions consistent with that authority.