1998 Biennial Regulatory ReviewReform of the International Settlements Policy and Associated Filing Requirements

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On August 6, 1998, the Federal Communications Commission adopted a Notice of Proposed Rulemaking (NPRM) to adopt significant changes to the Commission's International Settlements Policy (ISP) and associated rules. The changes in this policy are intended to promote greater competition and lower international calling prices. The Commission proposes to lift regulations under the existing policy that restricts the kinds of arrangements U.S. carriers may enter into with foreign telecommunications carriers in World Trade Organization (WTO) member countries. This action is part of the FCC's biennial review to eliminate or modify rules where appropriate.