"Consistent with standard operating procedure, the FCC’s Enforcement Bureau has reviewed the complaints and the material that was the subject of these complaints," the FCC said in a statement provided to Variety. "The Bureau has concluded that there was nothing actionable under the FCC’s rules."
In the opening monologue for his May 1 episode of the The Late Show, Colbert said "The only thing [Trump's] mouth is good for is being Vladimir Putin's c—k holster." The word was bleeped out and Colbert's mouth was blurred.
FCC Chairman Ajit Pai said the organization had received a "number of complaints" about Colbert's joke. While some took issue with the fact that he insulted Trump, others considered the remark to be homophobic. Colbert later said that he didn't regret the joke, but would “change in few words” if he did the monologue again.
The FCC said the remark did not rise to the level of obscenity or indecency punishable by a sanction or fine.