FCC Reduces Or Eliminates Burden Of Unnecessary Accounting Requirements For Carriers

Taking further steps to minimize unnecessary burdens on carriers, the Federal Communications Commission streamlined various accounting requirements for all carriers and eliminated certain accounting requirements for large carriers. Specifically, the FCC eliminated the requirement that large carriers keep a separate set of regulatory accounting books in addition to their financial accounting books. Additionally, the Commission reduced the extent of FCC-specific accounts that must be maintained by all carriers. Reducing the cost and burden of these FCC rules will allow carriers to allocate scarce resources toward expanding modern networks that bring economic opportunity, job creation and civic engagement to all Americans.