The FCC is likely to consider at its May 12, 2011 Open Meeting a Notice of Proposed Rulemaking (“NPRM”) that seeks comment on a proposal which would eliminate a broad swath of regulations governing the exchange of traffic between U.S. and foreign carriers known as the International Settlements Policy or “ISP.”  The regulations are widely considered to be outdated and no longer necessary to protect either consumers or competition in international telecommunications services.

At the meeting the FCC will also consider a First Report and Order and Further NPRM which will eliminate certain reporting requirements regarding international telephony services, while streamlining and modernizing the remaining international data reporting requirements.

Clients with questions regarding this advisory should contact the attorney assigned to their account.