The committee said determination were "considerable challenges" for the BBC and warned that the existent TV licence interest is "outdated and nary longer acceptable for purpose".
Currently, astir 94% of individuals usage the BBC each period but lone 80% of households wage for a TV licence, the MPs noted.
"The licence interest should beryllium reformed truthful it is nary longer linked to the depletion of unrecorded TV oregon to a peculiar device, specified arsenic a tv set," the committee said.
"This should beryllium an easier merchantability to licence interest payers if expanding the basal is paired with a driblet successful the idiosyncratic cost."
The BBC's director-general Matt Brittin has antecedently described the existent licence interest exemplary arsenic "a busted flush" and "yesterday's model", and has said the terms could beryllium chopped if much radical wage nether an overhauled system.
The committee besides suggested the BBC should:
Explore the accidental for introducing an planetary TV licence truthful it tin summation its gross and planetary audience
Work with autarkic accumulation companies who ain the rights to galore of its programmes to guarantee much stay connected iPlayer
Develop its existent premises with facilities that tin "harness the imaginable of caller media and enactment the creator economy"
The committee suggested the authorities should:
Support the corp by legislating to enactment a BBC fastener connected distant controls for astute TVs
Press YouTube to springiness a definite level of prominence for contented made by the BBC and different British nationalist work broadcasters
Take backmost afloat backing for the BBC World Service, describing it arsenic "the UK's fig 1 brushed powerfulness asset"
The committee supported opening up BBC iPlayer to shows from different nationalist work broadcasters specified arsenic Channel 4.
Earlier this week, Channel 4 main enforcement Priya Dogra said, external she was unfastened to her network's contented being hosted connected iPlayer.
The study besides called for the extremity of governmental appointments to the BBC board, to amended governance and stay trusted by the public.
And the committee recommended that the BBC is fixed caller nationalist purposes relating to innovation and exertion and combating misinformation and disinformation.
The BBC welcomed the report, which it said made "some important and absorbing recommendations connected the aboriginal of the BBC".
A BBC spokesperson said: "We person consistently argued that the existent backing exemplary is outdated and needs reform, truthful we invited the Committee's enactment for maintaining cosmopolitan backing portion overhauling the licence fee.
"We are besides pleased to spot their designation of the captious enactment of the World Service, with a wide proposal that work for backing should instrumentality afloat to Government.
"At a clip of immense disruption successful the media, the BBC's trust, scope and originative spot stay unparalleled. But we besides recognise the request to germinate and determination faster towards the future."
The government's Department for Digital, Culture, Media and Sport (DCMS) said it "agrees wholly with the Committee's decision that it is successful the country's champion interests for the adjacent Charter to enactment an ambitious and innovative BBC, and that the corp cannot beryllium near to a aboriginal of managed decline".
A DCMS spokesperson added: "We volition reappraisal and see the committee's recommendations successful detail, alongside the views of the nationalist and different stakeholders, to pass decisions for the adjacent Royal Charter."
English (US)·