Republican lawmakers are intensifying their scrutiny of George Soros after a fund backed by the billionaire investor took control of more than 200 American radio stations—just months ahead of a high-stakes presidential election. The stations came under Soros-backed control in the aftermath of Audacy Inc.’s bankruptcy filing, granting the fund a major share of the radio giant’s debt and, ultimately, its broadcast assets.

The move has already raised eyebrows. House Energy and Commerce Committee Chair Cathy McMorris Rodgers blasted the Federal Communications Commission (FCC) for fast-tracking the deal, allegedly bypassing customary reviews that apply to significant foreign ownership of U.S. media outlets. Under Section 310(b) of the Communications Act, foreign ownership exceeding certain thresholds typically triggers additional scrutiny; however, the FCC granted a waiver allowing “25% of the company to be indirectly foreign-owned.”

This expedited approval process has drawn attention from Republican members of Congress who have sent a formal request to FCC Chairwoman Jessica Rosenworcel, demanding an explanation for the rushed waiver. Lawmakers want answers about how often similar waivers are granted, as well as the standard criteria used to determine whether foreign ownership serves “the public interest.” They have specifically requested a briefing before October 18 to gain clarity on the FCC’s decision-making process.

Critics argue that the Soros-linked fund’s acquisition could provide the billionaire with outsized influence over election-related news—especially since the transfer happened in the run-up to a presidential race. Others question whether political pressure contributed to what they perceive as “preferential treatment” by the FCC. Meanwhile, Republican leaders characterize the situation as both a media ownership matter and a potential national security concern, given the foreign ownership element involved in the deal.

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As Congress probes the FCC’s rationale, the Soros acquisition becomes yet another flashpoint in the heated debate over how U.S. media should be regulated and who can hold substantial sway over public discourse—particularly in an election year.