To amend the Communications Act of 1934 to require telephone carriers to completely and accurately itemize charges and taxes collected with telephone bills.

Amends the Communications Act of 1934 to direct the Federal Communications Commission to prescribe regulations to require telecommunications carriers to provide to their customers a complete and accurate itemization of all charges, fees, and taxes collected with any bill for telephone toll or exchange service, including the amount collected for contributions for Federal and State support of universal service.