To amend the Communications Act of 1934 to require that substantial rate increases in rates charged by cable television operators be subject to approval by local regulatory authorities.

[AI summary unavailable — showing source text] Amends the Communications Act of 1934 to authorize a State or local franchising authority to require a cable operator to obtain approval of any rate increase for basic cable service which exceeds the higher of: (1) five percent; or (2) the percentage increase in the Consumer Price Index for the 12 most recent months for which such Index is computed.…