This bill would add a rule to federal law that stops foreign corporations and foreign governments from being public utility holding companies. The change would be added to 42 U.S. Code (a section tied to the repeal of the Public Utility Holding Company Act of 1935). The rule would take effect 180 days after the act becomes effective.
If passed, entities that qualify as public utility holding companies could not be owned by foreign corporations or foreign governments. The change affects the ownership status of those holding companies. The bill was introduced in the House and referred to the Committee on Energy and Commerce.
No publicly available information.
Sponsors Josh Riley, Christopher Deluzio, and John Mannion introduced the measure under the short title "Keep the Lights Local Act." The text of the bill shows the sponsors seek to prohibit foreign ownership of public utility holding companies.
No publicly available information.