The US House Committee on Oversight and Accountability is investigating the FCC’s alleged “fast track” approval of billionaire George Soros’ acquisition of a majority stake in Audacy. The FCC’s 3-2 vote allowed Soros-controlled Laurel Tree Opportunities to acquire 57% of Audacy’s Class A stock during the company’s Chapter 11 restructuring. Republican lawmakers, led by Energy and Commerce Chair Cathy McMorris Rodgers, question how Soros, a major Democratic donor, could acquire over 200 radio stations before the 2024 election. They are demanding details about the FCC’s approval process, foreign ownership reviews, and why national security concerns were postponed.