1. Short title This Act may be cited as the Countering Foreign Propaganda Act of 2018 . 2. Disclosure requirements for United States-based foreign media outlets Title VII of the Communications Act of 1934 ( 47 U.S.C. 601 et seq.) is amended by adding at the end the following: 721. Disclosure requirements for United States-based foreign media outlets (a) Reports by outlets to Commission Not later than 90 days after the date of the enactment of this section, and not less frequently than every 6 months thereafter, a United States-based foreign media outlet shall submit to the Commission a report that contains the following information: (1) The name of such outlet. (2) A description of the relationship of such outlet to the foreign principal of such outlet, including a description of the legal structure of such relationship and any funding that such outlet receives from such principal. (b) Reports by Commission to Congress Not later than 60 days after the date of the enactment of this section, and not less frequently than every 6 months thereafter, the Commission shall transmit to Congress a report that summarizes the contents of the reports submitted by United States-based foreign media outlets under subsection (a) during the preceding 6-month period. (c) Public availability The Commission shall make publicly available on the internet website of the Commission each report submitted by a United States-based foreign media outlet under subsection (a) not later than the earlier of— (1) the date that is 30 days after the outlet submits the report to the Commission