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SEC Commissioner Peirce Issues Remarks at Roundtable on Preparations for 24-Hour Trading
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce:
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Stock Around the Clock: Remarks at the Roundtable on Preparations for 24-Hour Trading
Washington D.C. Sept. 17, 2026
Good morning, and welcome to today's roundtable. As usual, I must begin with my standard disclaimer: my views are my own as a Commissioner and not necessarily those of the SEC or my fellow commissioners. That disclaimer is so familiar that I can recite it in my sleep, which brings me to the topic of today's roundtable: overnight trading. This roundtable ... Show Full Article WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce: * * * Stock Around the Clock: Remarks at the Roundtable on Preparations for 24-Hour Trading Washington D.C. Sept. 17, 2026 Good morning, and welcome to today's roundtable. As usual, I must begin with my standard disclaimer: my views are my own as a Commissioner and not necessarily those of the SEC or my fellow commissioners. That disclaimer is so familiar that I can recite it in my sleep, which brings me to the topic of today's roundtable: overnight trading. This roundtableanswers a call that Commissioner Crenshaw and I made nearly two years ago when the Commission approved 24X National Exchange's registration application[1] and follows the informative roundtable that SIFMA hosted earlier this year.[2]
Extended hours trading currently is taking shape as a 23-hour, five-day trading week. While extended hours trading has existed for several years on certain ATSs, it still accounts for less than 1% of total trading for NMS stocks and is highly concentrated in a handful of stocks.[3] Over the past two years, however, both new entrants[4] and legacy exchanges[5] have pushed aggressively to expand their operating hours, responding to demand, both abroad and domestic.
The industry, and our staff, have invested significant effort in updating the market's infrastructure to make this shift possible. In June, NSCC transitioned its clearing operations to a 24x5 model that runs continuously from Sunday at 8:00 pm until Friday at 8:00 pm.[6] That same month, the Commission approved changes to extend the SIP's operating hours, with the new schedule set to launch on December 6, 2026.[7] The Commission also approved modifications to implement the market-wide Limit-Up-Limit-Down plan during extended hours, and trading venues have established standards to determine how to treat certain corporate actions in this new environment.[8] In short, the securities market is moving decisively toward extended hours trading.
Yet in my conversations with market participants, many express ambivalence about the shift to extended hours trading. They often see it as an inevitable, but not entirely welcome complication, rather than as an exciting new opportunity. Some worry about the thinner order books overnight, wider spreads, and the resulting increased price volatility. Others are concerned about compressing back-office operations, such as overnight batch processing cycles or critical IT maintenance, into a single hour each night.[9] Practical questions also arise: How can firms ensure proper supervision and surveillance of trading and risk during overnight hours? Should issuers monitor trading in their shares overnight in case of extreme market moves? These concerns are the real consequences of extending trading into hours when human involvement is limited, automated systems carry more of the load, and many longstanding market systems and regimes must be reimagined. Beyond these operational issues, there are more fundamental human concerns, like sleep. Extended trading hours will amplify worries about a data feed going down at 3am or social media rumors tanking your stock while your corporate office slumbers.
Our markets are not breaking new ground in the move toward extended hours trading, and we can learn from markets that already are creatures of the night. The FX market in particular has operated 24/7 for decades.[10] Crypto markets certainly do not sleep. Certain index options trade overnight, and futures markets generally follow a 23/5 schedule similar to where our markets are headed.[11] Nor are our equity markets alone in extending trading hours. Just last week, Korea's main stock exchange, serving a country whose domestic investors have long shown a notable interest in accessing our markets, announced plans to extend trading hours to give foreign investors greater access to their markets.[12] In short, we have a lot of examples to from which to learn.
I am a big fan of roundtables. I appreciate the panelists for giving of their time and expertise and the Commission staff, especially from the Division of Trading and Markets, who work diligently to plan the panels and prepare the discussion. I hope you will indulge me by considering the following questions:
1. For those with experience in markets that have traded continuously or near-continuously for years, what are the most important lessons for the U.S. equities market as we move toward extended hours? What have those markets taught us about liquidity and market-making during overnight sessions? About manipulation and cybersecurity risks? Staffing models for the overnight shift? As we expand trading hours in the equity market, what mistakes should we be careful not to repeat?
2. How should broker-dealers fulfill their best execution obligations during the overnight session when liquidity is dispersed and spreads are wide? How should we think about investor protection in such a market, given that much of the demand for access may come from retail investors? Is there assistance that we at the Commission or at FINRA should be giving?
3. As one commenter asked, for asset managers, "will choosing not to trade overnight remain an acceptable fiduciary decision when liquidity and execution costs are unfavorable"?[13]
4. Currently, issuers make filings and publicize material information either prior to or soon after "core" trading hours to mitigate the real-time effect that information will have on the price of their stock. This information can include earnings releases as well as other material business developments. Will the change to extended hours trading require issuers to change their behavior?
5. Relatedly, since filings submitted to EDGAR after 5:30 pm are typically not processed until the next business day, does the Commission need to modify the EDGAR system to ensure that corporate actions and material information are disseminated timely in the overnight session?
6. Should the Commission give guidance or relief to ease the burdens that extended hours trading may impose on issuers, especially smaller ones?
As with all our roundtables, I look forward to a lively and productive discussion. If the conversation does put you to sleep, however, you will make it easier to envision markets that elide trading and sleeping hours. Thank you.
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[1] Commissioners Caroline A. Crenshaw and Hester M. Peirce, Statement on the Commission's Approval of the 24X National Exchange Application for Registration as a National Securities Exchange (Nov. 26, 2024), https://www.sec.gov/newsroom/speeches-statements/peirce-crenshaw-statement-24x-112624.
[2] SIFMA Roundtable: Building the Roadmap to 24/7 Trading (Jan. 28, 2026), https://past-events.sifma.org/24-7-trading-roundtable.
[3] Staff of the Office of Analytics and Research, Division of Trading and Markets, Roundtable on Preparations for 24-Hour Trading Supporting Data, File No. 4-913 (Sep. 10, 2026), https://www.sec.gov/comments/4-913/4913-1039439-3452886.pdf, at 2.
[4] In the Matter of the Application of 24X National Exchange LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission, Exchange Act Release No. 101777 (Nov. 27, 2024), 89 FR 97092 (Dec. 6, 2024), https://www.govinfo.gov/content/pkg/FR-2024-12-06/pdf/2024-28551.pdf.
[5] See Exchange Act Release No. 102400 (Feb. 11, 2025), 90 FR 9794 (Feb. 18, 2025), https://www.govinfo.gov/content/pkg/FR-2025-02-18/pdf/2025-02688.pdf (NYSE Arca); Exchange Act Release 105199 (Apr. 10, 2026), 91 FR 20222 (Apr. 15, 2026), https://www.govinfo.gov/content/pkg/FR-2026-04-15/pdf/2026-07259.pdf (Nasdaq); Exchange Act Release No. 105587 (May 29, 2026), 91 FR 33238 (Jun. 3, 2026), https://www.govinfo.gov/content/pkg/FR-2026-06-03/pdf/2026-11038.pdf (Cboe EDGX). See also Exchange Act Release No. 106310 (Sep. 9, 2026), 91 FR 58185 (Sep. 14, 2026), https://www.govinfo.gov/content/pkg/FR-2026-09-14/pdf/2026-18662.pdf (MEMX).
[6] See Press Release, DTCC's NSCC Now Live with Clearing Hours Extended to 24x5 Model, Marking Major Milestone for U.S. Equities Market (Jun. 29, 2026), https://www.dtcc.com/press-releases/2026/nscc-now-live-with-clearing-hours-extended.
[7] See Consolidated Tape Association; Order Approving the Fortieth Substantive Amendment to the Second Restatement of the CTA Plan and Thirty-First Substantive Amendment to the Restated CQ Plan, as Modified by Amendment No. 1 Thereto, Exchange Act Release No. 105779 (Jun. 26, 2026), 91 FR 40082 (Jul. 1, 2026), https://www.govinfo.gov/content/pkg/FR-2026-07-01/pdf/2026-13234.pdf.
[8] See Joint Industry Plan; Order Granting Approval of the Twenty-Seventh Amendment to the National Market System Plan to Address Extraordinary Market Volatility to Establish Temporary Price Band Protections in Overnight Trading, Exchange Act Release No. 106042 (Aug. 5, 2026), 91 FR 51515 (Aug. 10, 2026), https://www.govinfo.gov/content/pkg/FR-2026-08-10/pdf/2026-16201.pdf; see also The Nasdaq Stock Market LLC, Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 4120 Regarding Regulatory Halts for Corporate Actions and Issuer-Related Events, Exchange Act Release No. 105860 (Jul. 8, 2026), 91 FR 42990 (Jul. 13, 2026), https://www.govinfo.gov/content/pkg/FR-2026-07-13/pdf/2026-14014.pdf; NYSE Arca, Inc., Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 7.18-E Regarding Regulatory Halts for Corporate Actions and Issuer-Related Events, Exchange Release No. 105862 (Jul. 8, 2026), 91 FR 42999 (Jul. 13, 2026), https://www.govinfo.gov/content/pkg/FR-2026-07-13/pdf/2026-14017.pdf.
[9] See, e.g., Janet Du Chenne, DTCC Insights - Post-trade in a Market That Never Sleeps (Mar. 30, 2026), https://www.dtcc.com/insights/2026/post-trade-in-a-market-that-never-sleeps.
[10] For an extensive discussion on how the FX and crypto markets settle around-the-clock, see Kaitao Lin, World Federation of Exchanges Research, Extending Exchange Trading Hours (Feb. 2026), https://wfe-live.lon1.cdn.digitaloceanspaces.com/org_focus/storage/media/WFE%20-%20Extending%20Exchange%20Trading%20Hours%20wCover.pdf, at 15-28.
[11] That too could be changing for certain futures markets. See, e.g., CFTC, Request for Comment on the Extension of Standard Futures Contracts to 24/7 Trading and on Perpetual Contracts Referencing Physically Delivered or Storable Energy Commodities, 91 FR 38334 (Jun. 25, 2026), https://www.govinfo.gov/content/pkg/FR-2026-06-25/pdf/2026-12784.pdf.
[12] Kwanwoo Jun, South Korea Main Stock Exchange Launches After-Hours Trading (Sep. 13, 2026), https://www.morningstar.com/news/dow-jones/20260913782/south-korea-main-stock-exchange-launches-after-hours-trading.
[13] Comment Letter from Christian Narvaez, Rayo Capital Group (Sep. 15, 2026) (emphasis added), https://www.sec.gov/comments/4-913/4913-1049319-3566006.html.
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Original text here: https://www.sec.gov/newsroom/speeches-statements/peirce-remarks-sec-roundtable-091726
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Stock Around the Clock: Remarks at the Roundtable on Preparations for 24-Hour Trading
Washington D.C. Sept. 17, 2026
Good morning, and welcome to today's roundtable. As usual, I must begin with my standard disclaimer: my views are my own as a Commissioner and not necessarily those of the SEC or my fellow commissioners. That disclaimer is so familiar that I can recite it in my sleep, which brings me to the topic of today's roundtable: overnight trading. This roundtable ... Show Full Article WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce: * * * Stock Around the Clock: Remarks at the Roundtable on Preparations for 24-Hour Trading Washington D.C. Sept. 17, 2026 Good morning, and welcome to today's roundtable. As usual, I must begin with my standard disclaimer: my views are my own as a Commissioner and not necessarily those of the SEC or my fellow commissioners. That disclaimer is so familiar that I can recite it in my sleep, which brings me to the topic of today's roundtable: overnight trading. This roundtableanswers a call that Commissioner Crenshaw and I made nearly two years ago when the Commission approved 24X National Exchange's registration application[1] and follows the informative roundtable that SIFMA hosted earlier this year.[2]
Extended hours trading currently is taking shape as a 23-hour, five-day trading week. While extended hours trading has existed for several years on certain ATSs, it still accounts for less than 1% of total trading for NMS stocks and is highly concentrated in a handful of stocks.[3] Over the past two years, however, both new entrants[4] and legacy exchanges[5] have pushed aggressively to expand their operating hours, responding to demand, both abroad and domestic.
The industry, and our staff, have invested significant effort in updating the market's infrastructure to make this shift possible. In June, NSCC transitioned its clearing operations to a 24x5 model that runs continuously from Sunday at 8:00 pm until Friday at 8:00 pm.[6] That same month, the Commission approved changes to extend the SIP's operating hours, with the new schedule set to launch on December 6, 2026.[7] The Commission also approved modifications to implement the market-wide Limit-Up-Limit-Down plan during extended hours, and trading venues have established standards to determine how to treat certain corporate actions in this new environment.[8] In short, the securities market is moving decisively toward extended hours trading.
Yet in my conversations with market participants, many express ambivalence about the shift to extended hours trading. They often see it as an inevitable, but not entirely welcome complication, rather than as an exciting new opportunity. Some worry about the thinner order books overnight, wider spreads, and the resulting increased price volatility. Others are concerned about compressing back-office operations, such as overnight batch processing cycles or critical IT maintenance, into a single hour each night.[9] Practical questions also arise: How can firms ensure proper supervision and surveillance of trading and risk during overnight hours? Should issuers monitor trading in their shares overnight in case of extreme market moves? These concerns are the real consequences of extending trading into hours when human involvement is limited, automated systems carry more of the load, and many longstanding market systems and regimes must be reimagined. Beyond these operational issues, there are more fundamental human concerns, like sleep. Extended trading hours will amplify worries about a data feed going down at 3am or social media rumors tanking your stock while your corporate office slumbers.
Our markets are not breaking new ground in the move toward extended hours trading, and we can learn from markets that already are creatures of the night. The FX market in particular has operated 24/7 for decades.[10] Crypto markets certainly do not sleep. Certain index options trade overnight, and futures markets generally follow a 23/5 schedule similar to where our markets are headed.[11] Nor are our equity markets alone in extending trading hours. Just last week, Korea's main stock exchange, serving a country whose domestic investors have long shown a notable interest in accessing our markets, announced plans to extend trading hours to give foreign investors greater access to their markets.[12] In short, we have a lot of examples to from which to learn.
I am a big fan of roundtables. I appreciate the panelists for giving of their time and expertise and the Commission staff, especially from the Division of Trading and Markets, who work diligently to plan the panels and prepare the discussion. I hope you will indulge me by considering the following questions:
1. For those with experience in markets that have traded continuously or near-continuously for years, what are the most important lessons for the U.S. equities market as we move toward extended hours? What have those markets taught us about liquidity and market-making during overnight sessions? About manipulation and cybersecurity risks? Staffing models for the overnight shift? As we expand trading hours in the equity market, what mistakes should we be careful not to repeat?
2. How should broker-dealers fulfill their best execution obligations during the overnight session when liquidity is dispersed and spreads are wide? How should we think about investor protection in such a market, given that much of the demand for access may come from retail investors? Is there assistance that we at the Commission or at FINRA should be giving?
3. As one commenter asked, for asset managers, "will choosing not to trade overnight remain an acceptable fiduciary decision when liquidity and execution costs are unfavorable"?[13]
4. Currently, issuers make filings and publicize material information either prior to or soon after "core" trading hours to mitigate the real-time effect that information will have on the price of their stock. This information can include earnings releases as well as other material business developments. Will the change to extended hours trading require issuers to change their behavior?
5. Relatedly, since filings submitted to EDGAR after 5:30 pm are typically not processed until the next business day, does the Commission need to modify the EDGAR system to ensure that corporate actions and material information are disseminated timely in the overnight session?
6. Should the Commission give guidance or relief to ease the burdens that extended hours trading may impose on issuers, especially smaller ones?
As with all our roundtables, I look forward to a lively and productive discussion. If the conversation does put you to sleep, however, you will make it easier to envision markets that elide trading and sleeping hours. Thank you.
* * *
[1] Commissioners Caroline A. Crenshaw and Hester M. Peirce, Statement on the Commission's Approval of the 24X National Exchange Application for Registration as a National Securities Exchange (Nov. 26, 2024), https://www.sec.gov/newsroom/speeches-statements/peirce-crenshaw-statement-24x-112624.
[2] SIFMA Roundtable: Building the Roadmap to 24/7 Trading (Jan. 28, 2026), https://past-events.sifma.org/24-7-trading-roundtable.
[3] Staff of the Office of Analytics and Research, Division of Trading and Markets, Roundtable on Preparations for 24-Hour Trading Supporting Data, File No. 4-913 (Sep. 10, 2026), https://www.sec.gov/comments/4-913/4913-1039439-3452886.pdf, at 2.
[4] In the Matter of the Application of 24X National Exchange LLC for Registration as a National Securities Exchange; Findings, Opinion, and Order of the Commission, Exchange Act Release No. 101777 (Nov. 27, 2024), 89 FR 97092 (Dec. 6, 2024), https://www.govinfo.gov/content/pkg/FR-2024-12-06/pdf/2024-28551.pdf.
[5] See Exchange Act Release No. 102400 (Feb. 11, 2025), 90 FR 9794 (Feb. 18, 2025), https://www.govinfo.gov/content/pkg/FR-2025-02-18/pdf/2025-02688.pdf (NYSE Arca); Exchange Act Release 105199 (Apr. 10, 2026), 91 FR 20222 (Apr. 15, 2026), https://www.govinfo.gov/content/pkg/FR-2026-04-15/pdf/2026-07259.pdf (Nasdaq); Exchange Act Release No. 105587 (May 29, 2026), 91 FR 33238 (Jun. 3, 2026), https://www.govinfo.gov/content/pkg/FR-2026-06-03/pdf/2026-11038.pdf (Cboe EDGX). See also Exchange Act Release No. 106310 (Sep. 9, 2026), 91 FR 58185 (Sep. 14, 2026), https://www.govinfo.gov/content/pkg/FR-2026-09-14/pdf/2026-18662.pdf (MEMX).
[6] See Press Release, DTCC's NSCC Now Live with Clearing Hours Extended to 24x5 Model, Marking Major Milestone for U.S. Equities Market (Jun. 29, 2026), https://www.dtcc.com/press-releases/2026/nscc-now-live-with-clearing-hours-extended.
[7] See Consolidated Tape Association; Order Approving the Fortieth Substantive Amendment to the Second Restatement of the CTA Plan and Thirty-First Substantive Amendment to the Restated CQ Plan, as Modified by Amendment No. 1 Thereto, Exchange Act Release No. 105779 (Jun. 26, 2026), 91 FR 40082 (Jul. 1, 2026), https://www.govinfo.gov/content/pkg/FR-2026-07-01/pdf/2026-13234.pdf.
[8] See Joint Industry Plan; Order Granting Approval of the Twenty-Seventh Amendment to the National Market System Plan to Address Extraordinary Market Volatility to Establish Temporary Price Band Protections in Overnight Trading, Exchange Act Release No. 106042 (Aug. 5, 2026), 91 FR 51515 (Aug. 10, 2026), https://www.govinfo.gov/content/pkg/FR-2026-08-10/pdf/2026-16201.pdf; see also The Nasdaq Stock Market LLC, Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Rule 4120 Regarding Regulatory Halts for Corporate Actions and Issuer-Related Events, Exchange Act Release No. 105860 (Jul. 8, 2026), 91 FR 42990 (Jul. 13, 2026), https://www.govinfo.gov/content/pkg/FR-2026-07-13/pdf/2026-14014.pdf; NYSE Arca, Inc., Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Rule 7.18-E Regarding Regulatory Halts for Corporate Actions and Issuer-Related Events, Exchange Release No. 105862 (Jul. 8, 2026), 91 FR 42999 (Jul. 13, 2026), https://www.govinfo.gov/content/pkg/FR-2026-07-13/pdf/2026-14017.pdf.
[9] See, e.g., Janet Du Chenne, DTCC Insights - Post-trade in a Market That Never Sleeps (Mar. 30, 2026), https://www.dtcc.com/insights/2026/post-trade-in-a-market-that-never-sleeps.
[10] For an extensive discussion on how the FX and crypto markets settle around-the-clock, see Kaitao Lin, World Federation of Exchanges Research, Extending Exchange Trading Hours (Feb. 2026), https://wfe-live.lon1.cdn.digitaloceanspaces.com/org_focus/storage/media/WFE%20-%20Extending%20Exchange%20Trading%20Hours%20wCover.pdf, at 15-28.
[11] That too could be changing for certain futures markets. See, e.g., CFTC, Request for Comment on the Extension of Standard Futures Contracts to 24/7 Trading and on Perpetual Contracts Referencing Physically Delivered or Storable Energy Commodities, 91 FR 38334 (Jun. 25, 2026), https://www.govinfo.gov/content/pkg/FR-2026-06-25/pdf/2026-12784.pdf.
[12] Kwanwoo Jun, South Korea Main Stock Exchange Launches After-Hours Trading (Sep. 13, 2026), https://www.morningstar.com/news/dow-jones/20260913782/south-korea-main-stock-exchange-launches-after-hours-trading.
[13] Comment Letter from Christian Narvaez, Rayo Capital Group (Sep. 15, 2026) (emphasis added), https://www.sec.gov/comments/4-913/4913-1049319-3566006.html.
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Original text here: https://www.sec.gov/newsroom/speeches-statements/peirce-remarks-sec-roundtable-091726
SEC Commissioner Peirce Issues Innovation Exemption Statement
WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce:
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Slumber Number: Innovation Exemption Statement
Sept. 17, 2026
The innovation exemption has arrived. Today, the Commission issued an order containing time-limited exemptions designed to permit onchain trading of stocks listed on major U.S. exchanges. Adapting the Commission's rules to new technologies is hard work, and I commend the Division of Trading and Markets, the Crypto Task Force, and other staff for their work on these exemptions. These exemptions enable ... Show Full Article WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce: * * * Slumber Number: Innovation Exemption Statement Sept. 17, 2026 The innovation exemption has arrived. Today, the Commission issued an order containing time-limited exemptions designed to permit onchain trading of stocks listed on major U.S. exchanges. Adapting the Commission's rules to new technologies is hard work, and I commend the Division of Trading and Markets, the Crypto Task Force, and other staff for their work on these exemptions. These exemptions enablemarket participants to experiment to be prepared for a future in which trading tokenized stocks onchain is commonplace. Taken together with the Division of Trading and Market's April statement on interfaces used to prepare transactions in crypto asset securities,/1 today's action is also a major step forward in allowing individuals greater personal autonomy to own and trade their own assets without the need for unnecessary intermediaries.
In issuing this order, the Commission is rejecting the approach that the mythological Procrustes would have taken. He was not asking the guests their sleep number; he claimed to have a bed that fit every traveler. In reality, he brute-forced each traveler to fit the one bed he had by stretching short travelers and cutting the legs off tall ones. Here, by contrast, the Commission is using its exemptive authority to tailor the bed to fit the sleeper. Carefully crafted conditions on that relief should ensure that nobody else's sleep is disturbed.
What does the order do? Its limited nature may cause you to yawn. More precisely, the order creates an exemption for a new category of entity known as "tokenized securities venues" ("TSVs"). TSVs provide automated market maker ("AMM") liquidity pools and set the standards governing participant access to trading within those pools./2 TSVs are exempt from the definition of "exchange" under the Securities Exchange Act of 1934, and certain liquidity providers that supply liquidity to TSVs are exempt from the definition of "dealer" under the same statute. Together, these exemptions enable tokenized National Market System ("NMS") stocks to trade onchain within TSV environments. Issuers who do not want their stock trading on TSVs can opt out. The exemptions are available to U.S. persons, including incumbents and new entrants.
What regulatory categories do TSVs and their liquidity providers fit into? It is too soon to tell. The Commission does not presume that parties involved in offering onchain trading or liquidity qualify as "exchanges" or "dealers" merely by virtue of their reliance on these exemptions. Before jumping to regulatory conclusions, we want to see who uses the exemptions and how.
Why is the Commission issuing this order? Temporary, limited exemptions like this one are intended to provide the Commission and market participants with an opportunity to observe how tokenized NMS stocks are used and traded in different onchain contexts and how onchain and traditional markets interact with one another. The insights gained will inform the development of durable, comprehensive rules to govern this emerging market activity. The innovation exemption is an interim step on the road to permanent rules, and the Commission welcomes public input on what those rules should look like.
What does the order not do? This order is not about decentralized finance. Truly decentralized systems that are driven by automated software do not give rise to the foundational concerns underlying securities regulation, namely that an intermediary you trust to act on your behalf will be foolish, careless, or compromised. An investor does not need an exemption to avail herself of permissionless smart contracts that mediate peer-to-peer trading.
What if the TSV model does not work for my tokenized stock trading project? The exemption addresses one particular model for trading securities onchain, but the Commission is open to other models and welcomes the opportunity to work with market participants who are thinking about other ways of trading tokenized securities. And onchain trading models that can fit within current Exchange Act requirements may not need an exemption at all.
The Congress that gave us the exemptive authority we are using today was no Procrustes. Making practical, careful, and sensible adjustments to the existing framework allows us to accommodate innovation without undermining our regulatory objectives of protecting investors and market integrity. The innovation exemption may not be the stuff of mythology, but it is a small step toward waking up to a tokenized tomorrow.
* * *
1/ Staff Statement Regarding Broker-Dealer Registration of Certain User Interfaces Utilized to Prepare Transactions in Crypto Asset Securities, U.S. Sec. & Exch. Comm'n, Speeches and Statements (Apr. 13, 2026), https://www.sec.gov/newsroom/speeches-statements/staff-statement-regarding-broker-dealer-registration-certain-user-interfaces-utilized-prepare-staff-statement-regarding-broker-dealer-registration-certain-user-interfaces-utilized.
2/ As referenced in the order, AMM business models and pricing mechanisms vary. Accordingly, TSVs can operate using various pricing mechanisms and methodologies in addition to the constant product formula, including through mechanisms that use external pricing sources and market data. See section III. of the order.
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Original text here: https://www.sec.gov/newsroom/speeches-statements/peirce-slumber-number-innovation-exemption-statement-091726
* * *
Slumber Number: Innovation Exemption Statement
Sept. 17, 2026
The innovation exemption has arrived. Today, the Commission issued an order containing time-limited exemptions designed to permit onchain trading of stocks listed on major U.S. exchanges. Adapting the Commission's rules to new technologies is hard work, and I commend the Division of Trading and Markets, the Crypto Task Force, and other staff for their work on these exemptions. These exemptions enable ... Show Full Article WASHINGTON, Sept. 18 -- The Securities and Exchange Commission issued the following remarks by Commissioner Hester M. Peirce: * * * Slumber Number: Innovation Exemption Statement Sept. 17, 2026 The innovation exemption has arrived. Today, the Commission issued an order containing time-limited exemptions designed to permit onchain trading of stocks listed on major U.S. exchanges. Adapting the Commission's rules to new technologies is hard work, and I commend the Division of Trading and Markets, the Crypto Task Force, and other staff for their work on these exemptions. These exemptions enablemarket participants to experiment to be prepared for a future in which trading tokenized stocks onchain is commonplace. Taken together with the Division of Trading and Market's April statement on interfaces used to prepare transactions in crypto asset securities,/1 today's action is also a major step forward in allowing individuals greater personal autonomy to own and trade their own assets without the need for unnecessary intermediaries.
In issuing this order, the Commission is rejecting the approach that the mythological Procrustes would have taken. He was not asking the guests their sleep number; he claimed to have a bed that fit every traveler. In reality, he brute-forced each traveler to fit the one bed he had by stretching short travelers and cutting the legs off tall ones. Here, by contrast, the Commission is using its exemptive authority to tailor the bed to fit the sleeper. Carefully crafted conditions on that relief should ensure that nobody else's sleep is disturbed.
What does the order do? Its limited nature may cause you to yawn. More precisely, the order creates an exemption for a new category of entity known as "tokenized securities venues" ("TSVs"). TSVs provide automated market maker ("AMM") liquidity pools and set the standards governing participant access to trading within those pools./2 TSVs are exempt from the definition of "exchange" under the Securities Exchange Act of 1934, and certain liquidity providers that supply liquidity to TSVs are exempt from the definition of "dealer" under the same statute. Together, these exemptions enable tokenized National Market System ("NMS") stocks to trade onchain within TSV environments. Issuers who do not want their stock trading on TSVs can opt out. The exemptions are available to U.S. persons, including incumbents and new entrants.
What regulatory categories do TSVs and their liquidity providers fit into? It is too soon to tell. The Commission does not presume that parties involved in offering onchain trading or liquidity qualify as "exchanges" or "dealers" merely by virtue of their reliance on these exemptions. Before jumping to regulatory conclusions, we want to see who uses the exemptions and how.
Why is the Commission issuing this order? Temporary, limited exemptions like this one are intended to provide the Commission and market participants with an opportunity to observe how tokenized NMS stocks are used and traded in different onchain contexts and how onchain and traditional markets interact with one another. The insights gained will inform the development of durable, comprehensive rules to govern this emerging market activity. The innovation exemption is an interim step on the road to permanent rules, and the Commission welcomes public input on what those rules should look like.
What does the order not do? This order is not about decentralized finance. Truly decentralized systems that are driven by automated software do not give rise to the foundational concerns underlying securities regulation, namely that an intermediary you trust to act on your behalf will be foolish, careless, or compromised. An investor does not need an exemption to avail herself of permissionless smart contracts that mediate peer-to-peer trading.
What if the TSV model does not work for my tokenized stock trading project? The exemption addresses one particular model for trading securities onchain, but the Commission is open to other models and welcomes the opportunity to work with market participants who are thinking about other ways of trading tokenized securities. And onchain trading models that can fit within current Exchange Act requirements may not need an exemption at all.
The Congress that gave us the exemptive authority we are using today was no Procrustes. Making practical, careful, and sensible adjustments to the existing framework allows us to accommodate innovation without undermining our regulatory objectives of protecting investors and market integrity. The innovation exemption may not be the stuff of mythology, but it is a small step toward waking up to a tokenized tomorrow.
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1/ Staff Statement Regarding Broker-Dealer Registration of Certain User Interfaces Utilized to Prepare Transactions in Crypto Asset Securities, U.S. Sec. & Exch. Comm'n, Speeches and Statements (Apr. 13, 2026), https://www.sec.gov/newsroom/speeches-statements/staff-statement-regarding-broker-dealer-registration-certain-user-interfaces-utilized-prepare-staff-statement-regarding-broker-dealer-registration-certain-user-interfaces-utilized.
2/ As referenced in the order, AMM business models and pricing mechanisms vary. Accordingly, TSVs can operate using various pricing mechanisms and methodologies in addition to the constant product formula, including through mechanisms that use external pricing sources and market data. See section III. of the order.
* * *
Original text here: https://www.sec.gov/newsroom/speeches-statements/peirce-slumber-number-innovation-exemption-statement-091726
FCC Wireline Competition Bureau Issues Public Notice: Comments Invited on Section 214 Applications to Discontinue Domestic Non-Dominant Carrier Telecommunications And/Or Interconnected VOIP Services
WASHINGTON, Sept. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket Nos. 26-208, 26-211, 26-212, 26-241, 26-243):
* * *
Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix.
The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 ... Show Full Article WASHINGTON, Sept. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket Nos. 26-208, 26-211, 26-212, 26-241, 26-243): * * * Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix. The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1The application(s) request authority, under section 214 of the Communications Act of 1934, as amended,/2 and section 63.71 of the Commission's rules,/3 to discontinue, reduce, or impair certain domestic telecommunications service(s) (Affected Service(s)) in specified geographic areas (Service Area(s)) as applicable and as fully described in each application.
In accordance with section 63.71(f) of the Commission's rules, the Section 214 Discontinuance Application(s) listed in the Appendix will be deemed granted automatically on October 18, 2026, the 31st day after the release date of this public notice, unless the Commission notifies any applicant(s) that their grant will not be automatically effective./4 We note that the date on which an application for Commission authorization is deemed granted may be different from the date on which applicants are authorized to discontinue service ("Authorized Date"). Any applicant whose application has been deemed granted may discontinue their Affected Service(s) in their Service Area(s) on or after the authorized discontinuance date(s) specified in the Appendix, in accordance with their filed representations. Accordingly, pursuant to section 63.71(f), and the terms outlined in each application, absent further Commission action, each applicant may discontinue the Affected Service(s) in the Service Area(s) described in their application on or after the authorized discontinuance date(s) listed in the Appendix for that application. For purposes of computation of time when filing a petition for reconsideration, application for review, or petition for judicial review of the Commission's decision(s), the date of "public notice" shall be the later of the auto grant date stated above in this Public Notice, or the release date(s) of any further public notice(s) or order(s) announcing final Commission action, as applicable. Should no petitions for reconsideration, applications for review, or petitions for judicial review be timely filed, the proceeding(s) listed in this Public Notice shall be terminated, and the docket(s) will be closed.
Comments objecting to the application(s) listed in the Appendix must be filed with the Commission on or before October 2, 2026. Comments should refer to the specific WC Docket No. and Comp. Pol. File No. listed in the Appendix for the Section 214 Discontinuance Application. Comments should include specific information about the impact of the proposed discontinuance on the commenter, including any inability to acquire reasonable substitute service. Comments may be filed using the Commission's Electronic Comment Filing System (ECFS). Electronic Filers: Comments may be filed electronically using the Internet by accessing the ECFS: https://www.fcc.gov/ecfs. Filers should follow the instructions provided on the Web site for submitting comments. Generally, only one copy of an electronic submission must be filed. In completing the transmittal screen, filers should include their full name, U.S. Postal Service mailing address, and the applicable docket number./5
Paper Filers: Parties who choose to file by paper must file an original and one copy of each filing. Filings can be sent by hand or messenger delivery, by commercial courier, or by the U.S. Postal Service. All filings must be addressed to the Secretary, Federal Communications Commission. Hand-delivered or messenger-delivered paper filings for the Commission's Secretary are accepted between 8:00 a.m. and 4:00 p.m. by the FCC's mailing contractor at 9050 Junction Drive, Annapolis Junction, MD 20701. All hand deliveries must be held together with rubber bands or fasteners. Any envelopes and boxes must be disposed of before entering the building. Commercial courier deliveries (any deliveries not by the U.S. Postal Service) must be sent to 9050 Junction Drive, Annapolis Junction, MD 20701. Filings sent by U.S. Postal Service First-Class Mail, Priority Mail, and Priority Mail Express must be sent to 45 L Street NE, Washington, DC 20554.
This proceeding(s) shall be treated as a "permit-but-disclose" proceeding(s) in accordance with the Commission's ex parte rules./6 Persons making ex parte presentations must file a copy of any written presentation or a memorandum summarizing any oral presentation within two business days after the presentation (unless a different deadline applicable to the Sunshine period applies). Persons making oral ex parte presentations are reminded that memoranda summarizing the presentation must (1) list all persons attending or otherwise participating in the meeting at which the ex parte presentation was made, and (2) summarize all data presented and arguments made during the presentation. If the presentation consisted in whole or in part of the presentation of data or arguments already reflected in the presenter's written comments, memoranda or other filings in the proceeding, the presenter may provide citations to such data or arguments in his or her prior comments, memoranda, or other filings (specifying the relevant page and/or paragraph numbers where such data or arguments can be found) in lieu of summarizing them in the memorandum. Documents shown or given to Commission staff during ex parte meetings are deemed to be written ex parte presentations and must be filed consistent with rule 1.1206(b). In proceedings governed by rule 1.49(f) or for which the Commission has made available a method of electronic filing, written ex parte presentations and memoranda summarizing oral ex parte presentations, and all attachments thereto, must be filed through the electronic comment filing system available for that proceeding, and must be filed in their native format (e.g., .doc, .xml, .ppt, searchable .pdf). Participants in this proceeding(s) should familiarize themselves with the Commission's ex parte rules.
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 & Governmental Affairs Bureau at 202-418-0530.
For further information, please see the contact(s) for the specific discontinuance proceeding you are interested in as listed in the Appendix. For further information on procedures regarding section 214 please visit https://www.fcc.gov/general/domestic-section-214-discontinuance-service.
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Appendix
1) Applicant(s): Transworld Network, LLC (Transworld)
WC Docket No. 26-241, Comp. Pol. File No. 2192
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226241%22))
Affected Service(s) - resold long-distance telecommunications services and toll-free services Service Area(s) - Arizona, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Wisconsin, as specified in the application
Authorized Date(s) - on or after October 18, 2026
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
Note: Counsel for Transworld has confirmed that the North Carolina Governor was served, and that service to all state and federal entities was completed as of September 14, 2026.
2) Applicant(s): Network Innovations, LLC
WC Docket No. 26-243, Comp. Pol. File No. 2194
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226243%22))
Affected Service(s) - Interconnected VoIP service and associated features
Service Area(s) - Alabama, Arizona, Arkansas, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming, as specified in the application
Authorized Date(s) - on or after November 1, 2026
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
3) Applicant(s): AT&T Services, Inc. on behalf of its affiliates/7
WC Docket No. 26-208, Comp. Pol. File No. 2195
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226208%22))
Affected Service(s) - Optical Carrier Network Point to Point service; LightGate (a.k.a. BellSouth SPA Point to Point Network) Special Access Service; Dedicated SONET Ring Service, and SMARTRing Service
Service Area(s) - in portions of certain AT&T wire centers located in Arkansas, Georgia, Kentucky, Louisiana, North Carolina, Oklahoma, Tennessee, and Texas, as specified in the application
Authorized Date(s) - on or after September 1, 2027
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
4) Applicant(s): AT&T Services, Inc., on behalf of its affiliates/8
WC Docket No. 26-211, Comp. Pol. File No. 2198
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226211%22))
Affected Service(s) - AT&T Phone Service (AT&T's residential, wireline VoIP service), and AT&T Phone for Business (AT&T's business, wireline VoIP service)
Service Area(s) - Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin, as specified in the application
Authorized Date(s) - on or after September 1, 2027
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
5) Applicant(s): AT&T Services, Inc., on behalf of its affiliates/9
WC Docket No. 26-212, Comp. Pol. File No. 2199
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226212%22))
Affected Service(s) - Remote Call Forwarding Service or TeleBranch
Service Area(s) - Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Illinois, Louisiana, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin, as specified in the application
Authorized Date(s) - on or after September 1, 2027
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
Note: Counsel has confirmed that the carrier address for purposes of the application is as listed in the sample customer notice attached to the application.
* * *
Footnotes:
1/ 47 CFR Sec. 63.71.
2/ 47 U.S.C. Sec. 214.
3/ 47 CFR Sec. 63.71.
4/ See 47 CFR Sec. 63.71(f)(1) (stating, in relevant part, that an application filed by a non-dominant carrier "shall be automatically granted on the 31st day... unless the Commission has notified the applicant that the grant will not be automatically effective.").
5/ Please note that Commission staff may share filed comments with the applicant(s), along with the commenter's contact information, in order to allow applicant(s) to identify affected customers in the proposed discontinuance area and fully respond.
6/ 47 CFR Sec. 1.1200 et seq.
7/ BellSouth Telecommunications, LLC, d/b/a AT&T Georgia; AT&T Kentucky, AT&T Louisiana, AT&T North Carolina, and AT&T Tennessee; Southwestern Bell Telephone Company, LLC, d/b/a AT&T Arkansas, AT&T Oklahoma, and AT&T Texas.
8/ BellSouth Telecommunications, LLC, d/b/a AT&T Alabama, AT&T Florida, AT&T Georgia, AT&T Kentucky, AT&T Louisiana, AT&T Mississippi, AT&T North Carolina, AT&T South Carolina, and AT&T Tennessee; Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois; Indiana Bell Telephone Company, LLC, d/b/a AT&T Indiana; Michigan Bell Telephone Company, LLC, d/b/a AT&T Michigan; Nevada Bell Telephone Company, LLC, d/b/a AT&T Nevada; The Ohio Bell Telephone Company, LLC, d/b/a AT&T Ohio; Southwestern Bell Telephone Company, LLC, d/b/a AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, and AT&T Texas; and Wisconsin Bell, LLC, d/b/a AT&T Wisconsin.
9/ BellSouth Telecommunications, LLC, d/b/a AT&T Alabama, AT&T Florida, AT&T Georgia, AT&T Kentucky, AT&T Louisiana, AT&T Mississippi, AT&T North Carolina, AT&T South Carolina, and AT&T Tennessee; Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois; Indiana Bell Telephone Company, LLC, d/b/a AT&T Indiana; Michigan Bell Telephone Company, LLC, d/b/a AT&T Michigan; Nevada Bell Telephone Company, LLC, d/b/a AT&T Nevada; The Ohio Bell Telephone Company, LLC, d/b/a AT&T Ohio; Southwestern Bell Telephone Company, LLC, d/b/a AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, and AT&T Texas; and Wisconsin Bell, LLC, d/b/a AT&T Wisconsin.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DA-26-992A1.pdf
* * *
Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix.
The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 ... Show Full Article WASHINGTON, Sept. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket Nos. 26-208, 26-211, 26-212, 26-241, 26-243): * * * Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix. The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1The application(s) request authority, under section 214 of the Communications Act of 1934, as amended,/2 and section 63.71 of the Commission's rules,/3 to discontinue, reduce, or impair certain domestic telecommunications service(s) (Affected Service(s)) in specified geographic areas (Service Area(s)) as applicable and as fully described in each application.
In accordance with section 63.71(f) of the Commission's rules, the Section 214 Discontinuance Application(s) listed in the Appendix will be deemed granted automatically on October 18, 2026, the 31st day after the release date of this public notice, unless the Commission notifies any applicant(s) that their grant will not be automatically effective./4 We note that the date on which an application for Commission authorization is deemed granted may be different from the date on which applicants are authorized to discontinue service ("Authorized Date"). Any applicant whose application has been deemed granted may discontinue their Affected Service(s) in their Service Area(s) on or after the authorized discontinuance date(s) specified in the Appendix, in accordance with their filed representations. Accordingly, pursuant to section 63.71(f), and the terms outlined in each application, absent further Commission action, each applicant may discontinue the Affected Service(s) in the Service Area(s) described in their application on or after the authorized discontinuance date(s) listed in the Appendix for that application. For purposes of computation of time when filing a petition for reconsideration, application for review, or petition for judicial review of the Commission's decision(s), the date of "public notice" shall be the later of the auto grant date stated above in this Public Notice, or the release date(s) of any further public notice(s) or order(s) announcing final Commission action, as applicable. Should no petitions for reconsideration, applications for review, or petitions for judicial review be timely filed, the proceeding(s) listed in this Public Notice shall be terminated, and the docket(s) will be closed.
Comments objecting to the application(s) listed in the Appendix must be filed with the Commission on or before October 2, 2026. Comments should refer to the specific WC Docket No. and Comp. Pol. File No. listed in the Appendix for the Section 214 Discontinuance Application. Comments should include specific information about the impact of the proposed discontinuance on the commenter, including any inability to acquire reasonable substitute service. Comments may be filed using the Commission's Electronic Comment Filing System (ECFS). Electronic Filers: Comments may be filed electronically using the Internet by accessing the ECFS: https://www.fcc.gov/ecfs. Filers should follow the instructions provided on the Web site for submitting comments. Generally, only one copy of an electronic submission must be filed. In completing the transmittal screen, filers should include their full name, U.S. Postal Service mailing address, and the applicable docket number./5
Paper Filers: Parties who choose to file by paper must file an original and one copy of each filing. Filings can be sent by hand or messenger delivery, by commercial courier, or by the U.S. Postal Service. All filings must be addressed to the Secretary, Federal Communications Commission. Hand-delivered or messenger-delivered paper filings for the Commission's Secretary are accepted between 8:00 a.m. and 4:00 p.m. by the FCC's mailing contractor at 9050 Junction Drive, Annapolis Junction, MD 20701. All hand deliveries must be held together with rubber bands or fasteners. Any envelopes and boxes must be disposed of before entering the building. Commercial courier deliveries (any deliveries not by the U.S. Postal Service) must be sent to 9050 Junction Drive, Annapolis Junction, MD 20701. Filings sent by U.S. Postal Service First-Class Mail, Priority Mail, and Priority Mail Express must be sent to 45 L Street NE, Washington, DC 20554.
This proceeding(s) shall be treated as a "permit-but-disclose" proceeding(s) in accordance with the Commission's ex parte rules./6 Persons making ex parte presentations must file a copy of any written presentation or a memorandum summarizing any oral presentation within two business days after the presentation (unless a different deadline applicable to the Sunshine period applies). Persons making oral ex parte presentations are reminded that memoranda summarizing the presentation must (1) list all persons attending or otherwise participating in the meeting at which the ex parte presentation was made, and (2) summarize all data presented and arguments made during the presentation. If the presentation consisted in whole or in part of the presentation of data or arguments already reflected in the presenter's written comments, memoranda or other filings in the proceeding, the presenter may provide citations to such data or arguments in his or her prior comments, memoranda, or other filings (specifying the relevant page and/or paragraph numbers where such data or arguments can be found) in lieu of summarizing them in the memorandum. Documents shown or given to Commission staff during ex parte meetings are deemed to be written ex parte presentations and must be filed consistent with rule 1.1206(b). In proceedings governed by rule 1.49(f) or for which the Commission has made available a method of electronic filing, written ex parte presentations and memoranda summarizing oral ex parte presentations, and all attachments thereto, must be filed through the electronic comment filing system available for that proceeding, and must be filed in their native format (e.g., .doc, .xml, .ppt, searchable .pdf). Participants in this proceeding(s) should familiarize themselves with the Commission's ex parte rules.
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 & Governmental Affairs Bureau at 202-418-0530.
For further information, please see the contact(s) for the specific discontinuance proceeding you are interested in as listed in the Appendix. For further information on procedures regarding section 214 please visit https://www.fcc.gov/general/domestic-section-214-discontinuance-service.
* * *
Appendix
1) Applicant(s): Transworld Network, LLC (Transworld)
WC Docket No. 26-241, Comp. Pol. File No. 2192
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226241%22))
Affected Service(s) - resold long-distance telecommunications services and toll-free services Service Area(s) - Arizona, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, New Mexico, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, and Wisconsin, as specified in the application
Authorized Date(s) - on or after October 18, 2026
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
Note: Counsel for Transworld has confirmed that the North Carolina Governor was served, and that service to all state and federal entities was completed as of September 14, 2026.
2) Applicant(s): Network Innovations, LLC
WC Docket No. 26-243, Comp. Pol. File No. 2194
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226243%22))
Affected Service(s) - Interconnected VoIP service and associated features
Service Area(s) - Alabama, Arizona, Arkansas, California, Colorado, Connecticut, the District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming, as specified in the application
Authorized Date(s) - on or after November 1, 2026
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
3) Applicant(s): AT&T Services, Inc. on behalf of its affiliates/7
WC Docket No. 26-208, Comp. Pol. File No. 2195
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226208%22))
Affected Service(s) - Optical Carrier Network Point to Point service; LightGate (a.k.a. BellSouth SPA Point to Point Network) Special Access Service; Dedicated SONET Ring Service, and SMARTRing Service
Service Area(s) - in portions of certain AT&T wire centers located in Arkansas, Georgia, Kentucky, Louisiana, North Carolina, Oklahoma, Tennessee, and Texas, as specified in the application
Authorized Date(s) - on or after September 1, 2027
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
4) Applicant(s): AT&T Services, Inc., on behalf of its affiliates/8
WC Docket No. 26-211, Comp. Pol. File No. 2198
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226211%22))
Affected Service(s) - AT&T Phone Service (AT&T's residential, wireline VoIP service), and AT&T Phone for Business (AT&T's business, wireline VoIP service)
Service Area(s) - Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin, as specified in the application
Authorized Date(s) - on or after September 1, 2027
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
5) Applicant(s): AT&T Services, Inc., on behalf of its affiliates/9
WC Docket No. 26-212, Comp. Pol. File No. 2199
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226212%22))
Affected Service(s) - Remote Call Forwarding Service or TeleBranch
Service Area(s) - Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Illinois, Louisiana, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, and Wisconsin, as specified in the application
Authorized Date(s) - on or after September 1, 2027
Contact(s) - Kimberly Jackson, (202) 418-7393 (voice), Kimberly.Jackson@fcc.gov, of the Competition Policy Division, Wireline Competition Bureau
Note: Counsel has confirmed that the carrier address for purposes of the application is as listed in the sample customer notice attached to the application.
* * *
Footnotes:
1/ 47 CFR Sec. 63.71.
2/ 47 U.S.C. Sec. 214.
3/ 47 CFR Sec. 63.71.
4/ See 47 CFR Sec. 63.71(f)(1) (stating, in relevant part, that an application filed by a non-dominant carrier "shall be automatically granted on the 31st day... unless the Commission has notified the applicant that the grant will not be automatically effective.").
5/ Please note that Commission staff may share filed comments with the applicant(s), along with the commenter's contact information, in order to allow applicant(s) to identify affected customers in the proposed discontinuance area and fully respond.
6/ 47 CFR Sec. 1.1200 et seq.
7/ BellSouth Telecommunications, LLC, d/b/a AT&T Georgia; AT&T Kentucky, AT&T Louisiana, AT&T North Carolina, and AT&T Tennessee; Southwestern Bell Telephone Company, LLC, d/b/a AT&T Arkansas, AT&T Oklahoma, and AT&T Texas.
8/ BellSouth Telecommunications, LLC, d/b/a AT&T Alabama, AT&T Florida, AT&T Georgia, AT&T Kentucky, AT&T Louisiana, AT&T Mississippi, AT&T North Carolina, AT&T South Carolina, and AT&T Tennessee; Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois; Indiana Bell Telephone Company, LLC, d/b/a AT&T Indiana; Michigan Bell Telephone Company, LLC, d/b/a AT&T Michigan; Nevada Bell Telephone Company, LLC, d/b/a AT&T Nevada; The Ohio Bell Telephone Company, LLC, d/b/a AT&T Ohio; Southwestern Bell Telephone Company, LLC, d/b/a AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, and AT&T Texas; and Wisconsin Bell, LLC, d/b/a AT&T Wisconsin.
9/ BellSouth Telecommunications, LLC, d/b/a AT&T Alabama, AT&T Florida, AT&T Georgia, AT&T Kentucky, AT&T Louisiana, AT&T Mississippi, AT&T North Carolina, AT&T South Carolina, and AT&T Tennessee; Illinois Bell Telephone Company, LLC d/b/a AT&T Illinois; Indiana Bell Telephone Company, LLC, d/b/a AT&T Indiana; Michigan Bell Telephone Company, LLC, d/b/a AT&T Michigan; Nevada Bell Telephone Company, LLC, d/b/a AT&T Nevada; The Ohio Bell Telephone Company, LLC, d/b/a AT&T Ohio; Southwestern Bell Telephone Company, LLC, d/b/a AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, and AT&T Texas; and Wisconsin Bell, LLC, d/b/a AT&T Wisconsin.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DA-26-992A1.pdf
FCC Wireline Competition Bureau Issues Public Notice: Comments Invited on CenturyLink's Section 214 Application to Discontinue Domestic Legacy Voice Service as Part of Technology Transition
WASHINGTON, Sept. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 26-242):
* * *
Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix.
The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 The application(s) request authority, ... Show Full Article WASHINGTON, Sept. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 26-242): * * * Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix. The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 The application(s) request authority,under section 214 of the Communications Act of 1934, as amended,/2 and section 63.71 of the Commission's rules,/3 to discontinue, reduce, or impair certain domestic telecommunications service(s) (Affected Service(s)) in specified geographic areas (Service Area(s)) as applicable and as fully described in each application.
In accordance with section 63.71(f) of the Commission's rules, the Section 214 Discontinuance Application(s) listed in the Appendix will be deemed granted automatically on October 18, 2026, the 31st day after the release date of this public notice, unless the Commission notifies any applicant(s) that their grant will not be automatically effective./4 We note that the date on which an application for Commission authorization is deemed granted may be different from the date on which applicants are authorized to discontinue service ("Authorized Date"). Any applicant whose application has been deemed granted may discontinue their Affected Service(s) in their Service Area(s) on or after the authorized discontinuance date(s) specified in the Appendix, in accordance with their filed representations. Accordingly, pursuant to section 63.71(f), and the terms outlined in each application, absent further Commission action, each applicant may discontinue the Affected Service(s) in the Service Area(s) described in their application on or after the authorized discontinuance date(s) listed in the Appendix for that application. For purposes of computation of time when filing a petition for reconsideration, application for review, or petition for judicial review of the Commission's decision(s), the date of "public notice" shall be the later of the auto grant date stated above in this Public Notice, or the release date(s) of any further public notice(s) or order(s) announcing final Commission action, as applicable. Should no petitions for reconsideration, applications for review, or petitions for judicial review be timely filed, the proceeding(s) listed in this Public Notice shall be terminated, and the docket(s) will be closed.
Comments objecting to the application listed in the Appendix must be filed with the Commission on or before October 2, 2026. Comments should refer to the specific WC Docket No. and Comp. Pol. File No. listed in the Appendix for the Section 214 Discontinuance Application. Comments should include specific information about the impact of the proposed discontinuance on the commenter, including any inability to acquire reasonable substitute service. Comments may be filed using the Commission's Electronic Comment Filing System (ECFS). Electronic Filers: Comments may be filed electronically using the Internet by accessing the ECFS: https://www.fcc.gov/ecfs. Filers should follow the instructions provided on the Web site for submitting comments. Generally, only one copy of an electronic submission must be filed. In completing the transmittal screen, filers should include their full name, U.S. Postal Service mailing address, and the applicable docket number./5
Paper Filers: Parties who choose to file by paper must file an original and one copy of each filing. Filings can be sent by hand or messenger delivery, by commercial courier, or by the U.S. Postal Service. All filings must be addressed to the Secretary, Federal Communications Commission. Hand-delivered or messenger-delivered paper filings for the Commission's Secretary are accepted between 8:00 a.m. and 4:00 p.m. by the FCC's mailing contractor at 9050 Junction Drive, Annapolis Junction, MD 20701. All hand deliveries must be held together with rubber bands or fasteners. Any envelopes and boxes must be disposed of before entering the building. Commercial courier deliveries (any deliveries not by the U.S. Postal Service) must be sent to 9050 Junction Drive, Annapolis Junction, MD 20701. Filings sent by U.S. Postal Service First-Class Mail, Priority Mail, and Priority Mail Express must be sent to 45 L Street NE, Washington, DC 20554.
This proceeding shall be treated as a "permit-but-disclose" proceeding in accordance with the Commission's ex parte rules./6 Persons making ex parte presentations must file a copy of any written presentation or a memorandum summarizing any oral presentation within two business days after the presentation (unless a different deadline applicable to the Sunshine period applies). Persons making oral ex parte presentations are reminded that memoranda summarizing the presentation must (1) list all persons attending or otherwise participating in the meeting at which the ex parte presentation was made, and (2) summarize all data presented and arguments made during the presentation. If the presentation consisted in whole or in part of the presentation of data or arguments already reflected in the presenter's written comments, memoranda or other filings in the proceeding, the presenter may provide citations to such data or arguments in his or her prior comments, memoranda, or other filings (specifying the relevant page and/or paragraph numbers where such data or arguments can be found) in lieu of summarizing them in the memorandum. Documents shown or given to Commission staff during ex parte meetings are deemed to be written ex parte presentations and must be filed consistent with rule 1.1206(b). In proceedings governed by rule 1.49(f) or for which the Commission has made available a method of electronic filing, written ex parte presentations and memoranda summarizing oral ex parte presentations, and all attachments thereto, must be filed through the electronic comment filing system available for that proceeding, and must be filed in their native format (e.g., .doc, .xml, .ppt, searchable .pdf). Participants in this proceeding should familiarize themselves with the Commission's ex parte rules.
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 & Governmental Affairs Bureau at 202-418-0530.
For further information, please see the contact(s) for the specific discontinuance proceeding you are interested in as listed in the Appendix. For further information on procedures regarding section 214 please visit https://www.fcc.gov/general/domestic-section-214-discontinuance-service.
* * *
Appendix
1) Applicant(s): Qwest Corporation d/b/a CenturyLink QC
WC Docket No. 26-242, Comp. Pol. File No. 2193
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226242%22))
Affected Service(s) - legacy voice service
Service Area(s) - cities in Iowa and Utah, as specified in the application
Authorized Date(s) - on or after October 18, 2026
* * *
Footnotes:
1/ 47 CFR Sec. 63.71.
2/ 47 U.S.C. Sec. 214.
3/ 47 CFR Sec. 63.71.
4/ See 47 CFR Sec. 63.71(f)(1) (stating, in relevant part, that an application filed by a non-dominant carrier "shall be automatically granted on the 31st day... unless the Commission has notified the applicant that the grant will not be automatically effective"); see also 47 CFR Sec. 63.71(f)(2)(i) (stating that "[a]n application to discontinue, reduce, or impair an existing retail service as part of a technology transition, as defined in Sec. 63.60(i), may be automatically granted... if: The applicant provides affected customers with the notice required under paragraph (a)(6) of this section, and the application contains the showing or certification described in Sec. 63.602(b)"); Accelerating Wireline Broadband Deployment by Removing Barriers to Infrastructure Investment, WC Docket No. 17-84, Order, DA 25248, para. 6 (WCB Mar. 20, 2025) (waiving the Adequate Replacement Test's "single replacement service" requirement for a period of two years when a carrier seeks to discontinue a legacy voice service pursuant to section 214(a), thereby allowing carriers to satisfy all three prongs of the Adequate Replacement Test with a bundled service); Technology Transitions, GN Docket No. 13-5, Order on Clarification, DA 25-250, para. 6 (WCB Mar. 20, 2025) (clarifying the applicability of the testing methodology and parameters required for meeting the streamlining criteria when a carrier submits a technology transition discontinuance application relying on the "totality of the circumstances" under the Adequate Replacement Test)).
5/ Please note that Commission staff may share filed comments with the applicant(s), along with the commenter's contact information, in order to allow applicant(s) to identify affected customers in the proposed discontinuance area and fully respond.
6/ 47 CFR Sec. 1.1200 et seq.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DA-26-993A1.pdf
* * *
Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix.
The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 The application(s) request authority, ... Show Full Article WASHINGTON, Sept. 18 -- The Federal Communications Commission's Wireline Competition Bureau issued the following public notice (WC Docket No. 26-242): * * * Unless otherwise specified, the following procedures and dates apply to the application(s) (the Section 214 Discontinuance Application(s)) listed in the Appendix. The Wireline Competition Bureau (Bureau), upon initial review, has found the Section 214 Discontinuance Application(s) listed herein to be acceptable for filing and subject to the procedures set forth in Section 63.71 of the Commission's rules./1 The application(s) request authority,under section 214 of the Communications Act of 1934, as amended,/2 and section 63.71 of the Commission's rules,/3 to discontinue, reduce, or impair certain domestic telecommunications service(s) (Affected Service(s)) in specified geographic areas (Service Area(s)) as applicable and as fully described in each application.
In accordance with section 63.71(f) of the Commission's rules, the Section 214 Discontinuance Application(s) listed in the Appendix will be deemed granted automatically on October 18, 2026, the 31st day after the release date of this public notice, unless the Commission notifies any applicant(s) that their grant will not be automatically effective./4 We note that the date on which an application for Commission authorization is deemed granted may be different from the date on which applicants are authorized to discontinue service ("Authorized Date"). Any applicant whose application has been deemed granted may discontinue their Affected Service(s) in their Service Area(s) on or after the authorized discontinuance date(s) specified in the Appendix, in accordance with their filed representations. Accordingly, pursuant to section 63.71(f), and the terms outlined in each application, absent further Commission action, each applicant may discontinue the Affected Service(s) in the Service Area(s) described in their application on or after the authorized discontinuance date(s) listed in the Appendix for that application. For purposes of computation of time when filing a petition for reconsideration, application for review, or petition for judicial review of the Commission's decision(s), the date of "public notice" shall be the later of the auto grant date stated above in this Public Notice, or the release date(s) of any further public notice(s) or order(s) announcing final Commission action, as applicable. Should no petitions for reconsideration, applications for review, or petitions for judicial review be timely filed, the proceeding(s) listed in this Public Notice shall be terminated, and the docket(s) will be closed.
Comments objecting to the application listed in the Appendix must be filed with the Commission on or before October 2, 2026. Comments should refer to the specific WC Docket No. and Comp. Pol. File No. listed in the Appendix for the Section 214 Discontinuance Application. Comments should include specific information about the impact of the proposed discontinuance on the commenter, including any inability to acquire reasonable substitute service. Comments may be filed using the Commission's Electronic Comment Filing System (ECFS). Electronic Filers: Comments may be filed electronically using the Internet by accessing the ECFS: https://www.fcc.gov/ecfs. Filers should follow the instructions provided on the Web site for submitting comments. Generally, only one copy of an electronic submission must be filed. In completing the transmittal screen, filers should include their full name, U.S. Postal Service mailing address, and the applicable docket number./5
Paper Filers: Parties who choose to file by paper must file an original and one copy of each filing. Filings can be sent by hand or messenger delivery, by commercial courier, or by the U.S. Postal Service. All filings must be addressed to the Secretary, Federal Communications Commission. Hand-delivered or messenger-delivered paper filings for the Commission's Secretary are accepted between 8:00 a.m. and 4:00 p.m. by the FCC's mailing contractor at 9050 Junction Drive, Annapolis Junction, MD 20701. All hand deliveries must be held together with rubber bands or fasteners. Any envelopes and boxes must be disposed of before entering the building. Commercial courier deliveries (any deliveries not by the U.S. Postal Service) must be sent to 9050 Junction Drive, Annapolis Junction, MD 20701. Filings sent by U.S. Postal Service First-Class Mail, Priority Mail, and Priority Mail Express must be sent to 45 L Street NE, Washington, DC 20554.
This proceeding shall be treated as a "permit-but-disclose" proceeding in accordance with the Commission's ex parte rules./6 Persons making ex parte presentations must file a copy of any written presentation or a memorandum summarizing any oral presentation within two business days after the presentation (unless a different deadline applicable to the Sunshine period applies). Persons making oral ex parte presentations are reminded that memoranda summarizing the presentation must (1) list all persons attending or otherwise participating in the meeting at which the ex parte presentation was made, and (2) summarize all data presented and arguments made during the presentation. If the presentation consisted in whole or in part of the presentation of data or arguments already reflected in the presenter's written comments, memoranda or other filings in the proceeding, the presenter may provide citations to such data or arguments in his or her prior comments, memoranda, or other filings (specifying the relevant page and/or paragraph numbers where such data or arguments can be found) in lieu of summarizing them in the memorandum. Documents shown or given to Commission staff during ex parte meetings are deemed to be written ex parte presentations and must be filed consistent with rule 1.1206(b). In proceedings governed by rule 1.49(f) or for which the Commission has made available a method of electronic filing, written ex parte presentations and memoranda summarizing oral ex parte presentations, and all attachments thereto, must be filed through the electronic comment filing system available for that proceeding, and must be filed in their native format (e.g., .doc, .xml, .ppt, searchable .pdf). Participants in this proceeding should familiarize themselves with the Commission's ex parte rules.
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 & Governmental Affairs Bureau at 202-418-0530.
For further information, please see the contact(s) for the specific discontinuance proceeding you are interested in as listed in the Appendix. For further information on procedures regarding section 214 please visit https://www.fcc.gov/general/domestic-section-214-discontinuance-service.
* * *
Appendix
1) Applicant(s): Qwest Corporation d/b/a CenturyLink QC
WC Docket No. 26-242, Comp. Pol. File No. 2193
Link - https://www.fcc.gov/ecfs/search/search-filings/results?q=(proceedings.name:(%2226242%22))
Affected Service(s) - legacy voice service
Service Area(s) - cities in Iowa and Utah, as specified in the application
Authorized Date(s) - on or after October 18, 2026
* * *
Footnotes:
1/ 47 CFR Sec. 63.71.
2/ 47 U.S.C. Sec. 214.
3/ 47 CFR Sec. 63.71.
4/ See 47 CFR Sec. 63.71(f)(1) (stating, in relevant part, that an application filed by a non-dominant carrier "shall be automatically granted on the 31st day... unless the Commission has notified the applicant that the grant will not be automatically effective"); see also 47 CFR Sec. 63.71(f)(2)(i) (stating that "[a]n application to discontinue, reduce, or impair an existing retail service as part of a technology transition, as defined in Sec. 63.60(i), may be automatically granted... if: The applicant provides affected customers with the notice required under paragraph (a)(6) of this section, and the application contains the showing or certification described in Sec. 63.602(b)"); Accelerating Wireline Broadband Deployment by Removing Barriers to Infrastructure Investment, WC Docket No. 17-84, Order, DA 25248, para. 6 (WCB Mar. 20, 2025) (waiving the Adequate Replacement Test's "single replacement service" requirement for a period of two years when a carrier seeks to discontinue a legacy voice service pursuant to section 214(a), thereby allowing carriers to satisfy all three prongs of the Adequate Replacement Test with a bundled service); Technology Transitions, GN Docket No. 13-5, Order on Clarification, DA 25-250, para. 6 (WCB Mar. 20, 2025) (clarifying the applicability of the testing methodology and parameters required for meeting the streamlining criteria when a carrier submits a technology transition discontinuance application relying on the "totality of the circumstances" under the Adequate Replacement Test)).
5/ Please note that Commission staff may share filed comments with the applicant(s), along with the commenter's contact information, in order to allow applicant(s) to identify affected customers in the proposed discontinuance area and fully respond.
6/ 47 CFR Sec. 1.1200 et seq.
* * *
Original text here: https://docs.fcc.gov/public/attachments/DA-26-993A1.pdf
CPSC Issues Recall Alert Involving Infrared Saunas, Hybrid Infrared Saunas, Infrared Kits
WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert:
* * *
Name of Product: Infrared Saunas, Hybrid Infrared Saunas and Infrared Kits
Hazard: The infrared panels in the saunas and kits can short circuit, causing them to overheat, posing a risk of serious injury from fire and burn hazards.
Remedy: Repair
Recall Date: September 17, 2026
Units: About 41,580 (In addition, about 6,758 were sold in Canada)
Consumer Contact: Sauna360 toll-free at 866-936-5962 from 8 a.m. to 5 p.m. ET Monday through Friday, email at recall@sauna360.com or online at https://sauna360.com/product-recall ... Show Full Article WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert: * * * Name of Product: Infrared Saunas, Hybrid Infrared Saunas and Infrared Kits Hazard: The infrared panels in the saunas and kits can short circuit, causing them to overheat, posing a risk of serious injury from fire and burn hazards. Remedy: Repair Recall Date: September 17, 2026 Units: About 41,580 (In addition, about 6,758 were sold in Canada) Consumer Contact: Sauna360 toll-free at 866-936-5962 from 8 a.m. to 5 p.m. ET Monday through Friday, email at recall@sauna360.com or online at https://sauna360.com/product-recallor https://sauna360.com and clicking "Recall" at the bottom of the page for more information.
Recall Details
In Conjunction With:
Description: This recall involves various infrared and hybrid sauna models and infrared (IR) kits. Customers who purchased custom rooms built with IR panels can check for the words "Saunalogic," "Infralogic," "Carbonflex," or "Tylo" on their control panel or locate their product manual. Customers who purchased pre-configured infrared sauna rooms can identify their product by the brand badge on the front frame panel, the control panel, the manual or the logo handle. Consumers can also find the serial number located under the lower bench or on the wall under the upper bench depending on the unit and provide Sauna360 the serial number to determine if they have a recalled sauna. The IR sauna kits with panels, along with the following sauna model numbers, are included in this recall: [View table in the link at bottom.]
Remedy: Consumers should stop using the infrared and hybrid saunas immediately and contact Sauna360 to schedule a free in-home repair from a professional installer.
Incidents/Injuries: The firm has received 67 reports of overheating, melting, charring or burning. No injuries have been reported.
Sold At: Costco stores and pool and spa dealerships nationwide and online at Costco.com and other online sites from May 2013 through July 2026 for between $6000 and $13,000.
Importer(s): Sauna360 Inc., of Cokato, Minnesota
Manufactured In: China
Recall number: 26-784
Fast Track Recall
* * *
Original text here: https://www.cpsc.gov/Recalls/2026/Sauna360-Recalls-Infrared-Saunas-Hybrid-Infrared-Saunas-and-Infrared-Kits-Due-to-Risk-of-Serious-Injury-or-Death-from-Fire-and-Burn-Hazards
* * *
Name of Product: Infrared Saunas, Hybrid Infrared Saunas and Infrared Kits
Hazard: The infrared panels in the saunas and kits can short circuit, causing them to overheat, posing a risk of serious injury from fire and burn hazards.
Remedy: Repair
Recall Date: September 17, 2026
Units: About 41,580 (In addition, about 6,758 were sold in Canada)
Consumer Contact: Sauna360 toll-free at 866-936-5962 from 8 a.m. to 5 p.m. ET Monday through Friday, email at recall@sauna360.com or online at https://sauna360.com/product-recall ... Show Full Article WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert: * * * Name of Product: Infrared Saunas, Hybrid Infrared Saunas and Infrared Kits Hazard: The infrared panels in the saunas and kits can short circuit, causing them to overheat, posing a risk of serious injury from fire and burn hazards. Remedy: Repair Recall Date: September 17, 2026 Units: About 41,580 (In addition, about 6,758 were sold in Canada) Consumer Contact: Sauna360 toll-free at 866-936-5962 from 8 a.m. to 5 p.m. ET Monday through Friday, email at recall@sauna360.com or online at https://sauna360.com/product-recallor https://sauna360.com and clicking "Recall" at the bottom of the page for more information.
Recall Details
In Conjunction With:
Description: This recall involves various infrared and hybrid sauna models and infrared (IR) kits. Customers who purchased custom rooms built with IR panels can check for the words "Saunalogic," "Infralogic," "Carbonflex," or "Tylo" on their control panel or locate their product manual. Customers who purchased pre-configured infrared sauna rooms can identify their product by the brand badge on the front frame panel, the control panel, the manual or the logo handle. Consumers can also find the serial number located under the lower bench or on the wall under the upper bench depending on the unit and provide Sauna360 the serial number to determine if they have a recalled sauna. The IR sauna kits with panels, along with the following sauna model numbers, are included in this recall: [View table in the link at bottom.]
Remedy: Consumers should stop using the infrared and hybrid saunas immediately and contact Sauna360 to schedule a free in-home repair from a professional installer.
Incidents/Injuries: The firm has received 67 reports of overheating, melting, charring or burning. No injuries have been reported.
Sold At: Costco stores and pool and spa dealerships nationwide and online at Costco.com and other online sites from May 2013 through July 2026 for between $6000 and $13,000.
Importer(s): Sauna360 Inc., of Cokato, Minnesota
Manufactured In: China
Recall number: 26-784
Fast Track Recall
* * *
Original text here: https://www.cpsc.gov/Recalls/2026/Sauna360-Recalls-Infrared-Saunas-Hybrid-Infrared-Saunas-and-Infrared-Kits-Due-to-Risk-of-Serious-Injury-or-Death-from-Fire-and-Burn-Hazards
CPSC Issues Recall Alert Involving Charbroil Bistro Pro Electric Grills
WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert:
* * *
Name of Product: Charbroil Bistro Pro Electric Grills
Hazard: The grounding wire for the grill's heating element can disconnect and lose fault protection, posing an electric shock hazard.
Remedy: Repair
Recall Date: September 17, 2026
Units: About 10,605 (In addition, 342 were sold in Canada)
Consumer Contact: Char-Broil toll-free at 866-671-7988 from 6 a.m. to 6 p.m. MT Monday through Saturday, email at recall@charbroil.com online at www.charbroil.com/recalls or www.charbroil.com and ... Show Full Article WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert: * * * Name of Product: Charbroil Bistro Pro Electric Grills Hazard: The grounding wire for the grill's heating element can disconnect and lose fault protection, posing an electric shock hazard. Remedy: Repair Recall Date: September 17, 2026 Units: About 10,605 (In addition, 342 were sold in Canada) Consumer Contact: Char-Broil toll-free at 866-671-7988 from 6 a.m. to 6 p.m. MT Monday through Saturday, email at recall@charbroil.com online at www.charbroil.com/recalls or www.charbroil.com andclick on "Product Recalls" under "Parts & Support" for more information.
Recall Details
In Conjunction With:
Description: This recall involves the Charbroil Bistro Pro Electric Grills with model descriptions Bistro Pro Electric Grill & Griddle + Charcoal, Bistro Electric Grill + Charcoal and Bistro Pro Tabletop Electric Grill. The grills were sold in full-size and tabletop configurations in Black (black and gray), Red, Blackout (all black) and Emerald (green). The units have a "CB" logo plate on the front of the lid and "CHARBROIL" printed on the front control panel. The product label listing the model and serial number, including a four digit manufacturing date code in year and month (YYMM) format, is located on the bottom shelf of full-size grills and on the side bar of tabletop models. Only Bistro Pro Electric Grills with date codes of 2510 (Oct-2025), 2511 (Nov-2025) and 2512 (Dec-2025) are included in this recall.
* * *
Model Description ... Model No.
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Black ... 25302145
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Red ... 25302146
Bistro Pro(TM) Electric Grill + Charcoal Mode Blackout ... 25302147
Bistro Pro(TM) Electric Grill + Charcoal Mode Black ... 25302148
Bistro Pro(TM) Tabletop Electric Grill Black ... 25302149
Bistro Pro(TM) Tabletop Electric Grill Red ... 25302150
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Black with Cover ... 25302151
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Red with cover ... 25302159
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Emerald with cover ... 25302163
* * *
Remedy: Consumers should stop using the recalled electric grills immediately and contact Char-Broil for a free repair kit. Consumers will be asked to register at www.charbroil.com/BistroProFix to receive repair instructions, a screwdriver, a wrench, screws and a label to affix to the grill after repair. Char-Broil is offering a digital $25 gift card, valid at participating retailers, to consumers who provide photo documentation of the completed repair.
Incidents/Injuries: None reported
Sold At: Ace Hardware, Lowe's, Walmart, Wayfair, QVC and other hardware stores nationwide online at Amazon.com, Charbroil.com, Ace Hardware.com, Lowes.com, Walmart.com, Wayfair.com, QVC.com and other online retailers from October 2025 through June 2026 for between $150 and $250.
Importer(s): Char-Broil LLC, of Columbus, Georgia
Manufactured In: China
Recall number: 26-773
Fast Track Recall
* * *
Original text here: https://www.cpsc.gov/Recalls/2026/Char-Broil-Recalls-Bistro-Pro-Electric-Grills-Due-to-Risk-of-Electric-Shock
* * *
Name of Product: Charbroil Bistro Pro Electric Grills
Hazard: The grounding wire for the grill's heating element can disconnect and lose fault protection, posing an electric shock hazard.
Remedy: Repair
Recall Date: September 17, 2026
Units: About 10,605 (In addition, 342 were sold in Canada)
Consumer Contact: Char-Broil toll-free at 866-671-7988 from 6 a.m. to 6 p.m. MT Monday through Saturday, email at recall@charbroil.com online at www.charbroil.com/recalls or www.charbroil.com and ... Show Full Article WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert: * * * Name of Product: Charbroil Bistro Pro Electric Grills Hazard: The grounding wire for the grill's heating element can disconnect and lose fault protection, posing an electric shock hazard. Remedy: Repair Recall Date: September 17, 2026 Units: About 10,605 (In addition, 342 were sold in Canada) Consumer Contact: Char-Broil toll-free at 866-671-7988 from 6 a.m. to 6 p.m. MT Monday through Saturday, email at recall@charbroil.com online at www.charbroil.com/recalls or www.charbroil.com andclick on "Product Recalls" under "Parts & Support" for more information.
Recall Details
In Conjunction With:
Description: This recall involves the Charbroil Bistro Pro Electric Grills with model descriptions Bistro Pro Electric Grill & Griddle + Charcoal, Bistro Electric Grill + Charcoal and Bistro Pro Tabletop Electric Grill. The grills were sold in full-size and tabletop configurations in Black (black and gray), Red, Blackout (all black) and Emerald (green). The units have a "CB" logo plate on the front of the lid and "CHARBROIL" printed on the front control panel. The product label listing the model and serial number, including a four digit manufacturing date code in year and month (YYMM) format, is located on the bottom shelf of full-size grills and on the side bar of tabletop models. Only Bistro Pro Electric Grills with date codes of 2510 (Oct-2025), 2511 (Nov-2025) and 2512 (Dec-2025) are included in this recall.
* * *
Model Description ... Model No.
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Black ... 25302145
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Red ... 25302146
Bistro Pro(TM) Electric Grill + Charcoal Mode Blackout ... 25302147
Bistro Pro(TM) Electric Grill + Charcoal Mode Black ... 25302148
Bistro Pro(TM) Tabletop Electric Grill Black ... 25302149
Bistro Pro(TM) Tabletop Electric Grill Red ... 25302150
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Black with Cover ... 25302151
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Red with cover ... 25302159
Bistro Pro(TM) Electric Grill & Griddle + Charcoal Mode Emerald with cover ... 25302163
* * *
Remedy: Consumers should stop using the recalled electric grills immediately and contact Char-Broil for a free repair kit. Consumers will be asked to register at www.charbroil.com/BistroProFix to receive repair instructions, a screwdriver, a wrench, screws and a label to affix to the grill after repair. Char-Broil is offering a digital $25 gift card, valid at participating retailers, to consumers who provide photo documentation of the completed repair.
Incidents/Injuries: None reported
Sold At: Ace Hardware, Lowe's, Walmart, Wayfair, QVC and other hardware stores nationwide online at Amazon.com, Charbroil.com, Ace Hardware.com, Lowes.com, Walmart.com, Wayfair.com, QVC.com and other online retailers from October 2025 through June 2026 for between $150 and $250.
Importer(s): Char-Broil LLC, of Columbus, Georgia
Manufactured In: China
Recall number: 26-773
Fast Track Recall
* * *
Original text here: https://www.cpsc.gov/Recalls/2026/Char-Broil-Recalls-Bistro-Pro-Electric-Grills-Due-to-Risk-of-Electric-Shock
CPSC Issues Recall Alert Involving BedsPick Mattresses
WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert:
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Name of Product: BedsPick Mattresses
Hazard: The mattresses violate the mandatory flammability standard for mattresses, posing a risk of serious injury or death from fire.
Remedy: Refund
Recall Date: September 17, 2026
Units: About 818
Consumer Contact: Regfear toll free at 800-614-1901 from 9 a.m. to 5p.m. ET Monday through Friday (except federal holidays) or email at BedsPickRecall@outlook.com for more information.
Recall Details
Description: This recall involves two styles of BedsPick ... Show Full Article WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert: * * * Name of Product: BedsPick Mattresses Hazard: The mattresses violate the mandatory flammability standard for mattresses, posing a risk of serious injury or death from fire. Remedy: Refund Recall Date: September 17, 2026 Units: About 818 Consumer Contact: Regfear toll free at 800-614-1901 from 9 a.m. to 5p.m. ET Monday through Friday (except federal holidays) or email at BedsPickRecall@outlook.com for more information. Recall Details Description: This recall involves two styles of BedsPickbranded Mattresses. The mattresses are 12 inches thick and sold in queen size. They have a white top and purple sides or a white top and gray sides and were sold compressed in a box. Prototype ID "AMGSW066" or "AMGSW067" and model numbers "SME004" or "AMG005197_12_Q_GLT" are printed on a sewn-in white label located on one side of the mattress.
Remedy: Consumers should stop using the recalled mattresses immediately and contact Regfear for a full refund. Consumers will be asked to destroy the mattress, write in permanent marker "Recalled," on the mattress' top surface and email a photo of the destroyed mattress to BedsPickRecall@outlook.com. Consumers should then dispose of the recalled product. The refund will be issued after Regfear receives photos and written confirmation of disposal.
Incidents/Injuries: None reported.
Sold Online At: Amazon.com from February 2025 through May 2026 for between $140 to $200.
Retailer: Regfear Ltd., of Raleigh, North Carolina
Manufactured In: Indonesia
Recall number: 26-781
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Original text here: https://www.cpsc.gov/Recalls/2026/Regfear-Recalls-BedsPick-Mattresses-Due-to-Risk-of-Serious-Injury-or-Death-from-Fire-Violate-Mandatory-Flammability-Standard-for-Mattresses
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Name of Product: BedsPick Mattresses
Hazard: The mattresses violate the mandatory flammability standard for mattresses, posing a risk of serious injury or death from fire.
Remedy: Refund
Recall Date: September 17, 2026
Units: About 818
Consumer Contact: Regfear toll free at 800-614-1901 from 9 a.m. to 5p.m. ET Monday through Friday (except federal holidays) or email at BedsPickRecall@outlook.com for more information.
Recall Details
Description: This recall involves two styles of BedsPick ... Show Full Article WASHINGTON, Sept. 18 -- The Consumer Product Safety Commission issued the following recall alert: * * * Name of Product: BedsPick Mattresses Hazard: The mattresses violate the mandatory flammability standard for mattresses, posing a risk of serious injury or death from fire. Remedy: Refund Recall Date: September 17, 2026 Units: About 818 Consumer Contact: Regfear toll free at 800-614-1901 from 9 a.m. to 5p.m. ET Monday through Friday (except federal holidays) or email at BedsPickRecall@outlook.com for more information. Recall Details Description: This recall involves two styles of BedsPickbranded Mattresses. The mattresses are 12 inches thick and sold in queen size. They have a white top and purple sides or a white top and gray sides and were sold compressed in a box. Prototype ID "AMGSW066" or "AMGSW067" and model numbers "SME004" or "AMG005197_12_Q_GLT" are printed on a sewn-in white label located on one side of the mattress.
Remedy: Consumers should stop using the recalled mattresses immediately and contact Regfear for a full refund. Consumers will be asked to destroy the mattress, write in permanent marker "Recalled," on the mattress' top surface and email a photo of the destroyed mattress to BedsPickRecall@outlook.com. Consumers should then dispose of the recalled product. The refund will be issued after Regfear receives photos and written confirmation of disposal.
Incidents/Injuries: None reported.
Sold Online At: Amazon.com from February 2025 through May 2026 for between $140 to $200.
Retailer: Regfear Ltd., of Raleigh, North Carolina
Manufactured In: Indonesia
Recall number: 26-781
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Original text here: https://www.cpsc.gov/Recalls/2026/Regfear-Recalls-BedsPick-Mattresses-Due-to-Risk-of-Serious-Injury-or-Death-from-Fire-Violate-Mandatory-Flammability-Standard-for-Mattresses