The granting of cable landing rights to non-resident firms is subject to a reciprocity requirement. The  Federal  Communications  Commission  (FCC),  under  delegated authority from the President of the  United States with concurrence of the State Department, is authorised to issue licenses to land or operate in the United States any submarine cable directly or  indirectly  connecting  the  United  States  with  any  foreign  country.  Under  the  Submarine Cable Landing Licence Act of 1921, the FCC may withhold or revoke licences if such action will assist, inter alia, in securing cable landing rights for US citizens in foreign countries. 
"§34. Licenses for landing or operating cables connecting United States with foreign country; necessity for
No person shall land or operate in the United States any submarine cable directly or indirectly connecting the United States with any foreign country, or connecting one portion of the United States with any other portion thereof, unless a written license to land or operate such cable has been issued by the President of the United States. The conditions of sections 34 to 39 of this title shall not apply to cables, all of which, including both terminals, lie wholly within the continental United States.
§35. Withholding or revoking of licenses by President; terms and conditions of licenses
The President may withhold or revoke such license when he shall be satisfied after due notice and hearing that such action will assist in securing rights for the landing or operation of cables in foreign countries, or in maintaining the rights or interests of the United States or of its citizens in foreign countries, or will promote the security of the United States, or may grant such license upon such terms as shall be necessary to assure just and reasonable rates and service in the operation and use of cables so licensed. The license shall not contain terms or conditions granting to the licensee exclusive rights of landing or of operation in the United States. Nothing herein contained shall be construed to limit the power and jurisdiction of the Federal Communications Commission with respect to the transmission of messages.[...]" (Cable Landing License Act (47 U.S.C. current through Pub. L. 117-49), §§ 34 and 35)
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"Part IV. The Federal Communications Commission
Sec. 5. (a) The Federal Communications Commission is hereby designated and empowered to exercise, without the approval, ratification, or other action of the President, all authority vested in the President by the act of May 27, 1921, ch. 12, 42 Stat. 8 (47 U.S.C. 34 to 39, inclusive), including the authority to issue, withhold, or revoke licenses to land or operate submarine cables in the United States: Provided, That no such license shall be granted or revoked by the Commission except after obtaining approval of the Secretary of State and such advice from any executive department or establishment of the Government as the Commission may deem necessary. The Commission is authorized and directed to receive all applications for the said licenses. [...]" (Executive Order No. 10530, 19 Fed. Reg. 2709 (May 10, 1954), Section 5)
Cable Landing License Act (47 U.S.C. current through Pub. L. 117-49), §§ 34 and 35
Executive Order No. 10530, 19 Fed. Reg. 2709 (May 10, 1954), Section 5
[<a href="http://uscode.house.gov/view.xhtml?req=granuleid%3AUSC-prelim-title47-chapter2&saved=%7CKHRpdGxlOjQ3IHNlY3Rpb246MzQgZWRpdGlvbjpwcmVsaW0pIE9SIChncmFudWxlaWQ6VVNDLXByZWxpbS10aXRsZTQ3LXNlY3Rpb24zNCk%3D%7CdHJlZXNvcnQ%3D%7C%7C0%7Cfalse%7Cprelim&edition=prelim">Act</a>],[<a href="https://www.archives.gov/federal-register/codification/executive-order/10530.html">Order</a>]