Pursuant to a legislative requirement, GAO reviewed the Federal Communications Commission's (FCC) new rule on international settlement rates. GAO noted that: (1) the rule revises the benchmark settlement rates for international message telephone service between the United States and other countries; (2) the revised rates reflect technological improvements, their associated cost reductions, and the market structure changes occurring in the global telecommunications market; and (3) FCC complied with applicable requirements in promulgating the rule.