CABLE Competition Act

This bill makes it easier for cable companies to sell or transfer their local cable systems without needing approval from the local government office that oversees cable TV franchises, as long as the new owner agrees to follow all the same rules already in place. Local officials could still require written notice at least 15 days before the deal closes. If a local government revokes a franchise and then takes over or transfers the system, the deal must be at fair market value.

Key points

• Who is affected: Cable companies, buyers of cable systems, and local governments that oversee cable TV franchises.
• What changes: Local governments cannot block a transfer or sale if the new owner accepts all current franchise terms; they can only require a 15-day advance written notice. “Transfer” includes mergers, sales, assignments, restructurings, or transfers of control.
• When: Takes effect 6 months after it becomes law and applies to new franchises and most existing or recently expired ones where the company is still operating under the old terms.