Featured Stories
FTC Secures Order Resolving Antitrust Concerns with Zillow-Redfin Agreement
WASHINGTON, Aug. 24 -- The Federal Trade Commission issued the following news release:
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FTC Secures Order Resolving Antitrust Concerns with Zillow-Redfin Agreement
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The Federal Trade Commission, joined by five states, today notified the court that it will file a stipulated order that resolves its litigation against Zillow and Redfin and restores competition in the online platforms that renters use to find apartments and property managers use to list rentals.
The order eliminates the key term in a 2025 agreement between Zillow and Redfin under which Zillow paid Redfin $100 million for
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WASHINGTON, Aug. 24 -- The Federal Trade Commission issued the following news release:
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FTC Secures Order Resolving Antitrust Concerns with Zillow-Redfin Agreement
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The Federal Trade Commission, joined by five states, today notified the court that it will file a stipulated order that resolves its litigation against Zillow and Redfin and restores competition in the online platforms that renters use to find apartments and property managers use to list rentals.
The order eliminates the key term in a 2025 agreement between Zillow and Redfin under which Zillow paid Redfin $100 million forRedfin to shut down its internet listing services (ILS) business, exclusively repost apartment listings provided by Zillow, transition its customers to Zillow and stay out of the ILS market for up to nine years. The order also requires Redfin to reenter the ILS market with far more apartment listings and to make enforceable commitments to invest millions of dollars to ensure Redfin will be a far stronger competitor than it was before the 2025 agreement. Restoring competition in the ILS market is expected to drive down costs and spur innovation that benefits renters and property management companies.
"Today's settlement unwinds an agreement under which Zillow paid Redfin $100 million to stop competing and hand off all its customers to Zillow," said Daniel Guarnera, Director of the FTC's Bureau of Competition. "This kind of payment to a competitor to exit a market and stop competing violates the antitrust laws. This settlement delivers better, quicker, more certain results for both renters and property management companies than we would have been able to achieve after prevailing at trial, including firm and enforceable commitments by Redfin to relaunch its rentals advertising business. Today's great result delivers on the Trump-Vance FTC's commitment to make sure Americans benefit from competition in markets for housing and the products and services Americans use to find their homes."
In a complaint filed in September, the FTC alleged that Zillow Group Inc., Zillow Inc. and Redfin Corporation entered into an illegal agreement in February 2025 that dismantled Redfin as a competitor in the ILS advertising market for multifamily rental properties. ILS services are websites that allow consumers to search for rental housing. At the time, Zillow and Redfin operated two of the nation's largest rental ILS networks, including sites such as Zillow Rentals, Trulia and HotPads (owned by Zillow) and Rent.com and ApartmentGuide.com (owned by Redfin). The FTC alleged the arrangement was an end run around competition that insulated Zillow from competing head-to-head on the merits with Redfin and further concentrated an already condensed market. The Commonwealth of Virginia and the states of Arizona, Connecticut, New York and Washington filed a similar complaint shortly after the FTC, and the cases were consolidated in November 2025.
The complaints alleged that Zillow paid Redfin to get out of the market for ILS advertising and to stay out for up to nine years. Zillow paid Redfin $100 million, and Redfin agreed to end its contracts with advertising customers and help transfer them to Zillow. Redfin also agreed to make its sites mirror images of Zillow's listings, ending its role as an independent competitor for multifamily property advertising customers.
The terms of the proposed order, which will be in place for 10 years, require Redfin and Zillow to amend their agreement and implement several provisions aimed at restoring competition to the ILS market including:
* Remove anticompetitive provisions: The order removes restrictions on Redfin's ability to compete independently against Zillow in the ILS advertising market. This condition includes eliminating any limitations or restrictions on Redfin's ability to sell advertising services and display its own customers' listings, as well as any term requiring Redfin to divulge nonpublic or competitively sensitive business information to Zillow.
* Require Redfin to reenter ILS market: Redfin has committed to restart its ILS rental advertising business within six months of the order being finalized, including building the technological infrastructure to allow its customers' listings to be advertised across Redfin's portfolio of rental sites. In addition, Redfin will hire a general manager, salespeople and a fully trained customer support team for the ILS business and launch advertising to promote the business. Redfin has made a multiyear commitment to operate this business, assuring that ILS customers have a robust set of options to choose from well into the future.
* Commitments to promote Redfin's success: Redfin's reentry will be supported by commitments that ensure that Redfin has the incentive and ability to grow its ILS business. Critically, Redfin will continue syndicating Zillow's listings unencumbered by the anticompetitive restraints that prevented Redfin from fighting to secure additional listings. As a result, Redfin will relaunch with significantly more listings than it had prior to the 2025 agreement. In addition, Redfin has committed to spend millions of dollars to grow its ILS business and to make substantial investments in this business for years to come.
* Facilitate recruiting of Zillow employees: To facilitate Redfin's reentry, Zillow is required to provide employee information to enable Redfin to interview Zillow employees. Zillow also must waive any noncompete, anti-poaching or other impediments that might prevent these employees from accepting employment with Redfin. Moreover, Zillow is prohibited from interfering with Redfin's ability to recruit and retain these employees.
* Facilitate contracting with Redfin: For a nine-month period after Redfin restarts its ILS business, Zillow will allow any ILS customer whose contract cannot be canceled within three months to renegotiate their contracts without cost or penalty, allowing them to benefit from the return of an important competitor. Zillow must notify customers of this contract flexibility soon after Redfin relaunches its advertising business. Zillow also will be prohibited from engaging in any other conduct aimed at preventing or impeding any ILS customer from entering into a contract with Redfin.
Under the order, Redfin faces monetary penalties for failing to follow through on the commitments to restart its ILS business within the prescribed timeframes and must provide regular updates to the FTC on its compliance with the order's requirements. Zillow and Redfin must also notify the Commission before entering into any syndication agreement for multifamily rental properties that contains a provision that restricts the ability of either party to compete for ILS customers.
The Commission vote approving the stipulated final order was 2-0. The FTC filed the proposed order in the U.S. District Court for the Eastern District of Virginia. Joining the proposed order are the state Attorneys General of Arizona, Connecticut, New York, Virginia and Washington.
NOTE: Stipulated final orders have the force of law when approved and signed by the District Court judge.
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Original text here: https://www.ftc.gov/news-events/news/press-releases/2026/08/ftc-secures-order-resolving-antitrust-concerns-zillow-redfin-agreement
SEC Settles Litigation With Individual Charged in Alleged Microcap Fraud Scheme
WASHINGTON, Aug. 22 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Jonathan Farber et al., No. 24-cv-00273 (S.D.N.Y. filed Jan. 12, 2024)
On August 20, 2026, the United States District Court for the Southern District of New York entered a final consent judgment as to defendant Brian Keasberry in a previously-filed action alleging a fraudulent microcap scheme.
The Commission's complaint, filed on January 12, 2024, alleged that Keasberry and two co-defendants carried out a fraudulent scheme to profit from their
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WASHINGTON, Aug. 22 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Jonathan Farber et al., No. 24-cv-00273 (S.D.N.Y. filed Jan. 12, 2024)
On August 20, 2026, the United States District Court for the Southern District of New York entered a final consent judgment as to defendant Brian Keasberry in a previously-filed action alleging a fraudulent microcap scheme.
The Commission's complaint, filed on January 12, 2024, alleged that Keasberry and two co-defendants carried out a fraudulent scheme to profit from theiraccumulation, manipulation, and sale of the stock of a small publicly traded company to retail investors. The SEC alleged that, from September 2017 to at least October 2021, Keasberry helped his two co-defendants to gain control of the company and a large amount of the company's stock available in public markets. According to the complaint, Keasberry operated companies, which were used to make payments for an online promotional campaign that touted the stock's great potential but concealed the fact that the defendants had paid for this promotional campaign, controlled the company, and were actively selling the majority of the freely tradable stock.
Keasberry consented to the entry of a final judgment enjoining him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, ordering him to pay disgorgement of $37,500, prejudgment interest of $12,864, a civil penalty of $37,500, and imposing a penny stock bar and an officer-and-director bar against him.
The SEC's ongoing litigation is being handled by Marc Jones and Alfred Day in the SEC's Boston Regional Office.
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Resources
* Final Judgment - Brian Keasberry (https://www.sec.gov/files/litigation/litreleases/2026/judg26615.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26615
FEC Issues Digest for Week of Aug. 17-21, 2026
WASHINGTON, Aug. 22 -- The Federal Election Commission issued the following weekly digest:
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Commission meetings and hearings
No open meetings or executive sessions were scheduled this week.
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Litigation
DCCC v. FEC (Case No. 24-2935) On August 14, the Commission filed a Reply in Support of Supplemental Brief, the NRSC filed a Response to DCCC's Supplemental Memorandum, and DCCC filed a Response to Defendant FEC's and Intervenor-Defendant NRSC's Supplemental Memoranda in the U.S. District Court for the District of Columbia.
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Employment opportunities
The Commission is accepting
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WASHINGTON, Aug. 22 -- The Federal Election Commission issued the following weekly digest:
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Commission meetings and hearings
No open meetings or executive sessions were scheduled this week.
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Litigation
DCCC v. FEC (Case No. 24-2935) On August 14, the Commission filed a Reply in Support of Supplemental Brief, the NRSC filed a Response to DCCC's Supplemental Memorandum, and DCCC filed a Response to Defendant FEC's and Intervenor-Defendant NRSC's Supplemental Memoranda in the U.S. District Court for the District of Columbia.
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Employment opportunities
The Commission is acceptingapplications for the position of IT Project Manager (ENTARCH) through September 1, 2026.
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Reports Due in 2026
The Commission has posted the 2026 Congressional Pre-Election Reporting Dates. Reporting schedules for all filers in 2026 are also available.
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Election Dates
The Commission has posted a list of 2026 Congressional Primary Dates.
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Upcoming educational opportunities
September 16, 2026: The Commission is scheduled to host a webinar on Independent Expenditures and Pre-Election Communications.
September 30, 2026: The Commission is scheduled to host FECFile and reporting webinars for candidate committees.
October 7, 2026: The Commission is scheduled to host FECFile and reporting webinars for PACs and party committees.
For more information on upcoming training opportunities, see the Commission's Trainings page.
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Upcoming reporting due dates
September 20: September Monthly Reports are due. For more information, see the 2026 Monthly Reporting schedule.
The Commission has posted filing information regarding the Georgia 13th District Special Runoff Election, scheduled for August 25, 2026.
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Additional research materials
Contribution Limits: In addition to the current limits, the Commission has posted an archive of contribution limits that were in effect going back to the 1975-1976 election cycles.
Federal election results are available. The data was compiled from the official vote totals published by state election offices.
FEC Notify: Want to be notified by email when campaign finance reports are received by the agency? Sign up here.
The Combined Federal State Disclosure and Election Directory is available. This publication identifies the federal and state agencies responsible for the disclosure of campaign finances, lobbying, personal finances, public financing, candidates on the ballot, election results, spending on state initiatives, and other financial filings.
The Presidential Election Campaign Fund Tax Checkoff Chart provides information on balance of the Fund, monthly deposits into the Fund reported by the Department of the Treasury, payments from the Fund as certified by the FEC, and participation rates of taxpayers as reported by the Internal Revenue Service. For more information on the Presidential Public Funding Program, see the Public Funding of Presidential Elections page.
The FEC Record is available as a continuously updated online news source.
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Original text here: https://www.fec.gov/updates/week-of-august-17-21-2026/
SEC Files Subpoena Enforcement Action Against Texas Oil Company, Five Affiliated Entities, and Six Related Individuals, in Connection With Investigation Into Possible Fraudulent Securities Offering
WASHINGTON, Aug. 22 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. 1859 Operating, LLC; Centerfire Consulting, LLC; DMMD Marketing, Inc.; DM Sales Consulting, Inc.; The Slade Group, Inc.; Slade Marketing, Inc.; Adam Fieldsted; Dillon Murrow; Alison Slade; Dallin Slade; Duane Slade; and Mason Slade, Misc. Action No. 4:26-MC-00012 (N.D. Tex. filed Aug. 20, 2026)
On August 20, 2026, the Securities and Exchange Commission filed a subpoena enforcement action in United States District Court for the Northern District of
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WASHINGTON, Aug. 22 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. 1859 Operating, LLC; Centerfire Consulting, LLC; DMMD Marketing, Inc.; DM Sales Consulting, Inc.; The Slade Group, Inc.; Slade Marketing, Inc.; Adam Fieldsted; Dillon Murrow; Alison Slade; Dallin Slade; Duane Slade; and Mason Slade, Misc. Action No. 4:26-MC-00012 (N.D. Tex. filed Aug. 20, 2026)
On August 20, 2026, the Securities and Exchange Commission filed a subpoena enforcement action in United States District Court for the Northern District ofTexas, seeking an order to compel 1859 Operating, LLC; Centerfire Consulting, LLC; DMMD Marketing, Inc.; DM Sales Consulting, Inc.; The Slade Group, Inc.; Slade Marketing, Inc.; and individuals Adam Fieldsted, Dillon Murrow, Alison Slade, Dallin Slade, Duane Slade, and Mason Slade (together, "the respondents") to comply with outstanding SEC investigative subpoenas.
According to the SEC's application and supporting papers, the SEC issued the subpoenas beginning in April 2024, requiring the respondents to produce documents and provide sworn testimony in the investigation. According to the SEC's filing, the subpoenas were issued to determine whether any persons or entities may have violated the antifraud or other provisions of the federal securities laws in connection with a potential offering fraud involving 1859's offers and sales of fractional undivided working interests in oil leases, through which respondents have raised approximately $42.7 million.
As described in the SEC's application, despite extended deadlines, repeated communications, and multiple agreements to prioritize production, the respondents almost entirely failed to comply with subpoenas by the compliance deadlines. The application alleges that the respondents have produced approximately 8,344 documents out of a universe of what their counsel has stated includes potentially hundreds of thousands, if not millions, of responsive documents. The application further alleges that several respondents have failed to appear for testimony on dates previously agreed to or scheduled pursuant to SEC subpoenas and that on multiple occasions over the last 10 months, respondents' counsel has unilaterally canceled testimony shortly before the testimony was scheduled to occur.
The SEC's application requests that the Court enter an order compelling the respondents to comply with the subpoenas.
The SEC is continuing its fact finding investigation and, to date, has not concluded that any individual or entity has violated the federal securities laws.
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Resources
* Memorandum of Law in Support of Application of the Securities and Exchange Commission for an Order Compelling Compliance With Administrative Subpoenas (https://www.sec.gov/files/litigation/litreleases/2026/lr26616-brief-iso-app-order-compelling-compliance-respondents.pdf)
* Application of the Securities and Exchange Commission for Order Compelling Compliance With Administrative Subpoenas (https://www.sec.gov/files/litigation/litreleases/2026/lr26616-mt-compel-compliance-respondents.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26616
FCC Wireline Competition Bureau Issues Public Notice Seeking Nominations for Eight Board Member Positions on Universal Service Administrative Board of Directors
WASHINGTON, Aug. 22 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (CC Docket Nos. 96-45, 97-21):
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Pursuant to section 54.703(c) of the Federal Communications Commission's (Commission's) rules, the Wireline Competition Bureau seeks nominations for the Board member positions on the Board of Directors of the Universal Service Administrative Company (USAC) listed below./1 Each position has a three-year term expiring on December 31, 2029, except where indicated otherwise.
* Representative for incumbent local exchange carriers (other
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WASHINGTON, Aug. 22 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (CC Docket Nos. 96-45, 97-21):
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Pursuant to section 54.703(c) of the Federal Communications Commission's (Commission's) rules, the Wireline Competition Bureau seeks nominations for the Board member positions on the Board of Directors of the Universal Service Administrative Company (USAC) listed below./1 Each position has a three-year term expiring on December 31, 2029, except where indicated otherwise.
* Representative for incumbent local exchange carriers (otherthan the Bell Operating Companies) with annual operating revenues of $40 million or less (position currently held by Kara Semmler, General Counsel and Executive Director, South Dakota Telecommunications Association)
* Representative for interexchange carriers with annual operating revenues of $3 billion or less (position currently held by Brian Dalhover, Vice President of SLED Engineering & Policy, Zayo Group, LLC)
* Representative for competitive local exchange carriers (position currently held by Sheba Chacko, Chief Regulatory Counsel, BT in the Americas)
* Representative for schools that are eligible to receive discounts pursuant to section 54.501 of the Commission's rules (position currently held by Joan Wade, Executive Director, Association of Educational Service Agencies)
* Representative for rural health care providers that are eligible to receive supported services pursuant to section 54.601 of the Commission's rules (position currently held by Katharine Hsu Wibberly, Director, University of Virginia Health System's Mid-Atlantic Telehealth Resource Center)
* Representative for low-income consumers (position currently held by Angela Siefer, Executive Director, National Digital Inclusion Alliance)
* Representative for Tribal communities (position currently held by Mona Thompson, enrolled member of the Cheyenne River Sioux Tribe)
* Representative for interexchange carriers with annual operating revenues of more than $3 billion (position currently vacant)/2
We are persuaded that having Board members with substantive areas of expertise relevant to running a large and complex organization with such skills as accounting, finance, auditing, procurement, data management and information technology will improve the management, administration and oversight of USAC. If members of the relevant industry or non-industry group fail to reach consensus on a candidate to serve on the Board or fail to submit a nomination for the particular Board member seat, the Chairman of the Federal Communications Commission will select an individual from that industry or non-industry group to serve on the Board as outlined in section 54.703(c)(1)./3
Pursuant to section 54.703(c)(2) of the Commission's rules, each nomination must be captioned "In the Matter of: Nomination for Universal Service Administrator's Board of Directors, CC Docket Nos. 97-21 and 96-45."/4 Nominations may be filed using the Commission's Electronic Comment Filing System (ECFS), or by filing paper copies.
* Electronic Filers: Comments may be filed electronically using the Internet by accessing the ECFS: https://www.fcc.gov/ecfs/filings.
* Paper Filers: Parties who choose to file by paper must file an original and one copy of each filing. Because more than one docket appears in the caption of this proceeding, filers must submit two additional copies for the additional docket.
* Filings can be sent by commercial overnight courier, or by first-class or overnight U.S. Postal Service mail. All filings must be addressed to the Commission's Secretary, Office of the Secretary, Federal Communications Commission.
* Commercial overnight mail (other than U.S. Postal Service Express Mail and Priority Mail) must be sent to 9050 Junction Drive, Annapolis Junction, MD 20701
* U.S. Postal Service first-class, Express, and Priority mail must be addressed to 45 L Street, NE, Washington, DC 20554.
People with Disabilities: To request materials in accessible formats for people with disabilities (braille, large print, electronic files, audio format), send an e-mail to fcc504@fcc.gov, or call the Consumer & Government Affairs Bureau at 202-418-0530.
In addition to the electronic or paper filing, copies of each nomination should be submitted to Charles Tyler, Telecommunications Access Policy Division, Wireline Competition Bureau, Federal Communications Commission, via email Charles.Tyler@fcc.gov. Each submission should specify the position of the Board of Directors for which such nomination is submitted and should be accompanied by the nominee's professional and biographical information, such as a resume or professional biography. All nominations must be filed by October 20, 2026.
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Footnotes:
1/ 47 CFR Sec. 54.703(c).
2/ The term for the position representing interexchange carriers with annual operating revenues of more than $3 billion is for one year, expiring on December 31, 2027.
3/ 47 CFR Sec. 54.703(c)(1).
4/ 47 CFR Sec. 54.703(c)(2).
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Original text here: https://docs.fcc.gov/public/attachments/DA-26-877A1.pdf
SEC Charges Former Investment Bankers With Insider Trading
WASHINGTON, Aug. 22 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Gavin Wolfe et al., No. 1:26-civ-7132 (S.D.N.Y. filed Aug. 21, 2026)
On August 21, 2026, the Securities and Exchange Commission filed fraud charges against Gavin Wolfe and Jason Satsky, two former Wall Street investment bankers, for allegedly engaging in insider trading in South Jersey Industries, Inc. in advance of its February 24, 2022 announcement that it had agreed to be acquired by a private investment fund.
As alleged in the SEC's complaint,
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WASHINGTON, Aug. 22 -- The Securities and Exchange Commission issued the following litigation release:
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Securities and Exchange Commission v. Gavin Wolfe et al., No. 1:26-civ-7132 (S.D.N.Y. filed Aug. 21, 2026)
On August 21, 2026, the Securities and Exchange Commission filed fraud charges against Gavin Wolfe and Jason Satsky, two former Wall Street investment bankers, for allegedly engaging in insider trading in South Jersey Industries, Inc. in advance of its February 24, 2022 announcement that it had agreed to be acquired by a private investment fund.
As alleged in the SEC's complaint,Satsky was the Co-Head of an energy and utility group at a New York investment bank that advised South Jersey on the potential acquisition and served as the lead banker on the transaction. According to the complaint, Satsky tipped his long-time business colleague and close friend, Wolfe, material nonpublic information regarding the potential acquisition. As alleged, Wolfe bought over 2.2 million shares of South Jersey stock on the basis of the information he received from Satsky and made approximately $18.5 million when the stock price rose by approximately 40% after the acquisition was announced. Wolfe allegedly also tipped others who traded, generating approximately $515,000 in trading profits.
The SEC's complaint, filed in the U.S. District Court for the Southern District of New York, charges Wolfe and Satsky with violating Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks permanent injunctions, civil monetary penalties and officer-and-director bars against Wolfe and Satsky, disgorgement and prejudgment interest against Wolfe, and a conduct-based injunction against Satsky. The complaint names the entities through which Wolfe allegedly traded--Evergreen Capital, L.P., Evergreen Financial LLC, Empire Property Management LLC, GAW Holdings, LLC, SA 1055 LLC, SA 1057 LLC, SA 1082 LLC, and SA 1083 LLC--as relief defendants, and seeks disgorgement and prejudgment interest against them.
The investigation of this matter was conducted by Cynthia A. Matthews and George N. Stepaniuk of the SEC's New York Regional Office and was supervised by Sheldon L. Pollock. The litigation will be led by Travis Hill, Hayden Brockett and Christopher Kelly and supervised by Daniel Loss and Christopher Colorado.
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Resources
* SEC Complaint (https://www.sec.gov/files/litigation/complaints/2026/comp26617.pdf)
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Original text here: https://www.sec.gov/enforcement-litigation/litigation-releases/lr-26617
FCC Public Safety & Homeland Security Bureau Issues Public Notice: Conditional Approval, Exemption of Certain Uncrewed Aircraft Systems & Routers From FCC Covered List
WASHINGTON, Aug. 22 -- The Federal Communications Commission Public Safety and Homeland Security Bureau issued the following public notice (WC Docket No. 18-89, ET Docket No. 21-232, EA Docket No. 21-233):
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The Federal Communications Commission's (FCC or Commission) Public Safety and Homeland Security Bureau (PSHSB or Bureau) maintains a list of equipment and services (Covered List) that have been determined to "pose an unacceptable risk to the national security of the United States or the security and safety of United States persons."/1 Pursuant to section 2 of the Secure and Trusted Communications
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WASHINGTON, Aug. 22 -- The Federal Communications Commission Public Safety and Homeland Security Bureau issued the following public notice (WC Docket No. 18-89, ET Docket No. 21-232, EA Docket No. 21-233):
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The Federal Communications Commission's (FCC or Commission) Public Safety and Homeland Security Bureau (PSHSB or Bureau) maintains a list of equipment and services (Covered List) that have been determined to "pose an unacceptable risk to the national security of the United States or the security and safety of United States persons."/1 Pursuant to section 2 of the Secure and Trusted CommunicationsNetworks Act of 2019 (Secure Networks Act)/2 and sections 1.50002(a) and 1.50003 of the Commission's rules,/3 PSHSB announces that the Department of War (DoW) has granted Conditional Approvals for certain uncrewed aircraft systems (UAS) and routers. Therefore, such devices are exempt from the Covered List.
Additions of UAS and UAS Critical Components, and Routers to the Covered List:
UAS and UAS Critical Components. On December 22, 2025, PSHSB issued a Public Notice adding all UAS and UAS critical components produced in a foreign country to the Covered List./4 This action was based on a National Security Determination from an Executive Branch interagency body, including several appropriate national security agencies, determining (among other things) that UAS and UAS critical components produced in a foreign country pose an unacceptable risk to the national security of the United States and to the safety and security of U.S. persons. In that Public Notice, we stated, "[i]f we receive a further specific determination from the Department of War or the Department of Homeland Security that a given UAS, class of UAS, or UAS critical component does not pose unacceptable risks, we will further update the Covered List."/5
In January 2026, we updated the Covered List to reflect DoW's determinations that, until January 1, 2027, UAS and UAS critical components included on DoW's Blue UAS Cleared List and UAS and UAS critical components that qualify as "domestic end products" under the Buy American Standard do not pose an unacceptable risk to the national security of the United States and to the safety and security of U.S. persons./6 In March 2026, we updated the Covered List to reflect the first Conditional Approvals that the FCC received from the DoW, exempting specific UAS and UAS critical components "which have been granted a Conditional Approval by DoW or DHS" from the Covered List./7 Additionally, on June 15, 2026, based on a National Security Determination from DoW, PSHSB updated the Covered List to exempt "Toy Drones" as defined in the National Security Determination and "Toy Drones that contain foreign-produced components."/8
On July 21, 2026, we updated the Covered List to reflect DoW's determination that extended timelines for the exemption of UAS and UAS critical components included on DoW's Blue UAS Cleared List and UAS and UAS critical components that qualify as "domestic end products" under the Buy American Standard to January 1, 2028./9 We also updated the Covered List to reflect DoW's determination that Conditional Approvals for foreign-produced UAS and UAS critical components will not terminate on December 31, 2026, so long as the applicant complies with its approved onshoring plan and updated vetting of the products./10 Additionally, under DoW's determination, a Conditional Approval will terminate--and the device will be restored to the Covered List--if the applicant fails to adhere to the onshoring plan or if the U.S. Government discovers any false statements or misrepresentations in the application./11
Routers. On March 23, 2026, the Commission added to the Covered List "routers produced in a foreign country, except routers which have been granted a Conditional Approval by DoW or DHS."/12 This addition was based on a National Security Determination from an Executive Branch interagency body, including several appropriate national security agencies, determining (among other things) that routers produced in a foreign country pose an unacceptable risk to the national security of the United States and to the safety and security of U.S. persons./13
Conditional Approvals:
The Executive Branch interagency body established a process by which entities producing UAS and UAS critical components and routers in foreign countries can request DoW or the Department of Homeland Security to evaluate whether such devices do not pose unacceptable risks to national security and receive Conditional Approvals that would exempt such devices from the Covered List. The Commission has updated the Covered List to reflect the Conditional Approvals that we have received from the DoW exempting certain UAS and UAS critical components and routers from the Covered List./14
DoW has reviewed submissions and granted Conditional Approvals for the following devices:
* Ascento, Inc.'s Ascento Guard Dori USA v1 Uncrewed Aircraft System/15
* WNC Corporation's LVR5A, LVM9, and LV85C Wi-Fi Routers (terminating February 21, 2028) The Covered List:
We find that each of the Conditional Approvals constitutes "a specific determination" by DoW that such devices do not pose risks to U.S. national security./16 Therefore, we conclude that PSHSB is required to update the Covered List to exclude the equipment identified in these Conditional Approvals.
PSHSB takes this action under its authority and obligation to publish and maintain the Covered List. Sections 1.50002(a) and 1.50003 of the Commission's rules require PSHSB to publish the Covered List on the Commission's website, to maintain and update the Covered List, and to monitor the status of determinations./17
The Covered List and the list of devices that have received Conditional Approvals are attached as Appendices A and B to this Public Notice and can also be found on the Bureau's website at https://www.fcc.gov/supplychain/coveredlist./18
We note the continued availability of FCC staff guidance pursuant to sections 0.191 and 0.31(i) of the Commission's rules. Commission staff will provide guidance to TCBs, test labs, and equipment authorization applicants on the impact of these updates.
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Original text plus footnotes here: https://docs.fcc.gov/public/attachments/DA-26-875A1.pdf
