Wouldn't this apply?
http://www.ictregulationtoolkit.org/...Note.1803.html
The Federal Communications Commission (FCC) reviews initial authorizations and transfers of control of telecommunications licences.[1] Section 310 of the Communications Act of 1934,[2] as amended by the Telecommunications Act of 1996,[3] imposes foreign ownership restrictions on U.S. broadcast, common carrier, or aeronautical radio station licensees.[4] Section 310 covers foreign ownership restrictions applicable to FCC licences, and Section 310(b)(4) in particular is implicated in the majority of cases where foreign ownership is an issue.[5] In addition, applications from companies with foreign ownership[6] or a transfer of control or assignment application in which foreign ownership is an issue may be scrutinized more closely by the Executive Branch, including the Department of Justice, the Federal Bureau of Investigation, and the Department of Homeland Security, for potential national security, law enforcement and public safety issues.[7] The Departments of Justice and Homeland Security, and the Federal Bureau of Investigation typically intervene in the FCC review to ensure that foreign investment in U.S. telecommunications assets does not impair U.S. law enforcement, national security or infrastructure protection interests.