FEDERAL COMMUNICATIONS COMMISSION (FCC) Challenge Coin. This is a great looking Federal Communications Commission (FCC) commemorative challenge coin. Coin has reeded edges and is about 1 9/16" in diameter. All details are raised lettering. Coin is contained in an air tight coin holder. The Federal Communications Commission (FCC) is an independent agency of the United States government created to regulate interstate communications by radio, television, wire, satellite, and cable. The FCC works towards six goals in the areas of broadband, competition, the spectrum, the media, public safety and homeland security, and modernizing itself. The FCC was formed by the Communications Act of 1934 to replace the radio regulation functions of the Federal Radio Commission. The FCC took over wire communication regulation from the Interstate Commerce Commission. The FCC's mandated jurisdiction covers the 50 states, the District of Columbia, and the Territories of the United States. The FCC also provides varied degrees of cooperation, oversight, and leadership for similar communications bodies in other countries of North America. The FCC is funded entirely by regulatory fees. It has an estimated fiscal-2016 budget of US $388 million. It has 1,688 federal employees, made up of 50% males and 50% females as of December, 2017.