FCC Reviews Prepaid Card Reporting Rules
Published Date: 1/21/2025
Notice
Summary
The FCC is checking in on its paperwork rules for prepaid calling card companies to make sure they’re not too tricky or time-consuming. Businesses with prepaid calling cards will keep reporting info every few months, but the FCC wants your thoughts on how to make this easier and clearer, especially for small businesses. Comments are due by March 24, 2025, so don’t miss your chance to weigh in!
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Mandatory Quarterly Reports for Calling Cards
If you operate a prepaid calling card business, you must file quarterly reports and keep records. The reports must show the percentage of interstate, intrastate, and international access charges paid to carriers and include a quarterly certification that you contribute to the federal Universal Service Fund for all interstate and international revenue (with an exception for sales involving the Department of Defense).
Quantified Compliance Burden (Hours)
The FCC estimates this collection affects 121 business respondents and produces 1,452 responses annually, with each response taking between 2.5 and 20 hours. The notice reports a total annual burden of 12,100 hours and states there is no total annual dollar cost.
Comment Opportunity for Small Businesses
The FCC is asking for public comments on ways to reduce paperwork burdens, with a specific request to suggest ways to further reduce the information collection burden on small businesses with fewer than 25 employees. Comments must be submitted by March 24, 2025.
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Key Dates
Department and Agencies
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Previous / Next Documents
Previous: 2025-01387, Information Collection Being Submitted for Review and Approval to Office of Management and Budget
The FCC is asking the public and other agencies to review and comment on a paperwork update aimed at cutting down the hassle, especially for small businesses with fewer than 25 employees. They want your thoughts by February 20, 2025, to help make sure the info they collect is necessary and easy to handle. No one has to comply with forms that don’t have a valid OMB approval number, keeping things fair and clear.
Next: 2025-01517, Sunshine Act Meetings
The SEC’s Small Business Capital Formation Advisory Committee will hold a public meeting on February 25, 2025, both in person and online. They’ll discuss rules that help small and new businesses and their investors. Anyone can watch the meeting live on the SEC’s website—no cost, no fuss!