WB Amends Rate of Return Carrier Filing Requirements

The FCC Wireline Bureau amended its financial reporting requirements for rate-of-return high-cost recipients to align with the Rural Utilities Services' rules, said an order Tuesday in docket 10-90. RUS amended its rules to no longer require borrowers reports from certain loan recipients. Privately held rate-of-return companies and RUS loan recipients are required to submit the "functional equivalent" of the operating report for telecom borrowers report when filing their Form 481, the order said. The rule change is effective 30 days after Federal Register publication. The bureau also waived the reporting requirement for covered companies for filings covering calendar year 2021.