Telegraphs, Telephones, and Radiotelegraphs - 47 USC Section 219

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01/19/04

Sec. 219. Reports by carriers; contents and requirements generally

      (a) The Commission is authorized to require annual reports from
    all carriers subject to this chapter, and from persons directly or
    indirectly controlling or controlled by, or under direct or
    indirect common control with any such carrier, to prescribe the
    manner in which such reports shall be made, and to require from
    such persons specific answers to all questions upon which the
    Commission may need information. Except as otherwise required by
    the Commission, such annual reports shall show in detail the amount
    of capital stock issued, the amount and privileges of each class of
    stock, the amounts paid therefor, and the manner of payment for the
    same; the dividends paid and the surplus fund, if any; the number
    of stockholders (and the names of the thirty largest holders of
    each class of stock and the amount held by each); the funded and
    floating debts and the interest paid thereon; the cost and value of
    the carrier's property, franchises, and equipment; the number of
    employees and the salaries paid each class; the names of all
    officers and directors, and the amount of salary, bonus, and all
    other compensation paid to each; the amounts expended for
    improvements each year, how expended, and the character of such
    improvements; the earnings and receipts from each branch of
    business and from all sources; the operating and other expenses;
    the balances of profit and loss; and a complete exhibit of the
    financial operations of the carrier each year, including an annual
    balance sheet. Such reports shall also contain such information in
    relation to charges or regulations concerning charges, or
    agreements, arrangements, or contracts affecting the same, as the
    Commission may require.
      (b) Such reports shall be for such twelve months' period as the
    Commission shall designate and shall be filed with the Commission
    at its office in Washington within three months after the close of
    the year for which the report is made, unless additional time is
    granted in any case by the Commission; and if any person subject to
    the provisions of this section shall fail to make and file said
    annual reports within the time above specified, or within the time
    extended by the Commission, for making and filing the same, or
    shall fail to make specific answer to any question authorized by
    the provisions of this section within thirty days from the time it
    is lawfully required so to do, such person shall forfeit to the
    United States the sum of $1,200 for each and every day it shall
    continue to be in default with respect thereto. The Commission may
    by general or special orders require any such carriers to file
    monthly reports of earnings and expenses and to file periodical
    and/or special reports concerning any matters with respect to which
    the Commission is authorized or required by law to act. If any such
    carrier shall fail to make and file any such periodical or special
    report within the time fixed by the Commission, it shall be subject
    to the forfeitures above provided.

                                AMENDMENTS                            
      1989 - Subsec. (b). Pub. L. 101-239 substituted "$1,200" for
    "$100".
      1962 - Subsec. (a). Pub. L. 87-444, Sec. 1, struck out "under
    oath" after "require annual report".
      Subsec. (b). Pub. L. 87-444, Sec. 2, struck out provisions that
    the periodical or special reports be under oath whenever the
    Commission so required.
      1956 - Subsec. (a). Act Aug. 2, 1956, substituted "Except as
    otherwise required by the Commission, such" for "Such" at beginning
    of second sentence.

Last modified: June 19, 2006