STATEMENT OF 
CHAIRMAN JULIUS GENACHOWSKI
Re: Review of Foreign Ownership Policies for Common Carrier and Aeronautical Radio Licensees 
under Section 310(b)(4) of the Communications Act of 1934, as Amended, IB Docket No. 11-133.
With this item to streamline and modernize our policies for reviewing foreign ownership, we take 
another action in our agency-wide efforts to eliminate unnecessary regulations and improve the 
transparency and predictability of the Commission’s work. 
Ultimately, this action will unleash more foreign investment, an important source of financing for 
U.S. telecommunications companies, fostering technical innovation, economic growth, and job creation.  
In the first days of my chairmanship, I launched an agency-wide review of rules and regulations, 
appointing a Special Counsel for FCC Reform, and asking all of the Bureaus to incorporate such review 
into their daily work.
Agency-wide, we’ve made significant progress. We’ve eliminated over 300 regulations since
January 2011. And we continue to review data collections, reduce backlogs, and improve processes.
The International Bureau has been a leader in this effort. Among many actions, they’ve 
streamlined the international reporting requirements in Part 43 of our rules, removing five unnecessary 
data collections, as well as eliminating reporting requirements for over 1000 small carriers – leading to an 
overall estimated 30% reduction in industry burden. 
They’ve removed the International Settlements Policy (ISP) from the Commission’s rules –
allowing U.S. carriers more flexibility to negotiate commercial agreements for international telephone 
rates. 
And they are in the middle of a proceeding to streamline and modernize the Commission’s rules 
related to satellite licensing.
The Foreign Ownership Second Report and Order is yet another step in the reform of our rules.  
This Order is the result of a review of our policies and procedures for foreign ownership review 
under sections 310(b) of the Communications Act as they apply to common carrier wireless and certain 
aeronautical radio station licensees. It will:
(1) reduce the regulatory costs and burdens imposed on wireless common carrier and aeronautical 
applicants, licensees, and spectrum lessees by reducing the number of petitions by 40 to 70 
percent, as well as the number of burden hours; 
(2) provide greater transparency and more predictability with respect to the Commission’s foreign 
ownership filing requirements and review process; and 
(3) facilitate investment from new sources of capital, while continuing to protect important 
interests related to national security, law enforcement, foreign policy, and trade policy.  
I thank the staff for all their hard work on this and on the many reforms they’ve made over the 
last few years.