To amend the Communications Act of 1934 to require United States-based foreign media outlets to submit semiannual reports to the Federal Communications Commission, and for other purposes.

Countering Foreign Propaganda Act of 2018 This bill amends the Communications Act of 1934 to require a U.S.-based foreign media outlet to submit to the Federal Communications Commission (FCC) a report every six months that contains: (1) the name of the outlet, and (2) a description of the outlet's relationship with its foreign principal, including the legal relationship and funding the outlet receives from the principal. The FCC must transmit a summary of such reports to Congress and make them publicly available. The bill requires a U.S.-based foreign media outlet that produces or distributes any video programming for a foreign principal that is or intended to be transmitted by a multichannel video programming distributor (such as cable operators and direct satellite services) to U.S. consumers to include a conspicuous statement that the programming is produced or distributed by the outlet on behalf of its foreign principal. The FCC may define by rule what constitutes a "conspicuous statement."