FCC Seeks Comments on LOC Rules

The FCC is seeking comment on NPRMs dealing with updates for letter of credit (LOC) rules, the commission said Wednesday (see 2406060028) in a notice for Monday's Federal Register. The NPRMs include modifying LOC rules for the FCC's USF high-cost programs in rural communities, for Connect America Fund Phase II support recipients, and for Rural Digital Opportunity Fund (RDOF) support recipients. Specifically, the FCC wants comments on changing the rules governing which U.S. banks can issue LOCs and potentially allowing certain RDOF recipients to lower the value of their LOC. Comments are due Aug. 5, replies Aug. 19.