A bill to amend the Communications Act of 1934 to provide just and reasonable rates, terms, and conditions for the use of certain rights-of-way by persons desiring to lease space for wire communication.

Authorizes the Federal Communications Commission to regulate rates for the use of communication space on poles, ducts, conduits, and other rights-of-way. Allows any State to regulate, or continue to regulate, such rates, terms, and conditions if standards for rates, terms, and conditions for pole attachments in such State meet or exceed the minimum standards promulgated by the Commission for exemption from Federal regulation.

Directs the Commission to promulgate regulations which assure reasonable rates for pole attachments and minimum standards which a State must meet in order to be eligible for exemption.

Requires the Commission to establish an advisory board to assist the Commission in the promulgation of the regulations and minimum standards.