Federal Communications Commission Consolidated Reporting Act of 2017 This bill amends the Communications Act of 1934 to replace various reporting requirements with a communications marketplace report that the Federal Communications Commission (FCC) must publish on its website and submit to Congress every two years. The report must describe the FCC's actions in the marketplace and its agenda for the next two years. The FCC must: (1) compile a list of geographic areas that are not served by any provider of advanced telecommunications capability; and (2) consider market entry barriers for entrepreneurs and small businesses in accordance with national policy favoring diversity of media voices, competition, technological advancement, and promotion of the public interest, convenience, and necessity. The FCC's competition assessments must include the aggregate average total amount paid by cable systems for retransmission consent. The Telecommunications Act of 1996 is amended to require the FCC to determine from the communications marketplace report every two years (currently, in an inquiry initiated each year) whether it must act immediately to accelerate deployment of advanced telecommunications capabilities, particularly in elementary and secondary schools, by removing barriers to infrastructure investment and promoting competition.