Federal Communications Commission (FCC) An U.S. independent government regulatory agency responsible for overseeing all communications distributed either interstate or internationally. They act to maintain standards and consistency among the ever-growing types of media and methods of distribution, while protecting the interests of both consumers and businesses. The agency is accountable to congress. Investopedia Says: The FCC’s actions are watched closely by stock market followers because they affect companies along many different business lines. The FCC allocates cellular and wireless spectrum, regulates media company mergers and acquisitions, protects intellectual property rights and regulates standards of content and distribution for all media companies operating in the United States. Related Terms: Food And Drug Administration - FDA Mergers And Acquisitions - M&A Telecommunications Consumer Protection Act of 1991 - TCPA |