To prohibit foreign ownership of public utilities, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill bans foreign corporations and foreign governments from being public utility holding companies in the United States. It amends the Public Utility Holding Company Act to add this new prohibition, which takes effect 180 days after the law is enacted.
Who Benefits and How
- Domestic energy companies: May face less competition from foreign-owned entities and could acquire divested assets from foreign owners who must exit the market
- U.S. national security interests: Reduces foreign control over critical electricity infrastructure
- Domestic investors: May have new acquisition opportunities as foreign owners divest
Who Bears the Burden and How
- Foreign-owned utility holding companies: Must divest or restructure their U.S. holdings within 180 days or face being in violation of federal law
- Foreign investors: Lose the ability to own or control U.S. public utility holding companies
- Consumers (potentially): May face transition costs if rapid divestiture disrupts utility operations
Key Provisions
- Outright prohibition on foreign corporations being public utility holding companies
- Outright prohibition on foreign governments being public utility holding companies
- 180-day transition period before the prohibition takes effect
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Prohibits foreign corporations and foreign governments from owning or controlling public utility holding companies in the United States
Key Policy Areas
Energy, National Security, Foreign Investment
Primary Purpose
Prohibits foreign corporations and foreign governments from owning or controlling public utility holding companies in the United States
Policy Domains
Main Bill - Prohibition on Foreign Ownership
Identified Gains
- Domestic energy companies
- U.S. national security interests
- Domestic investors
Identified Costs
- Foreign-owned utility holding companies
- Foreign investors
- Foreign governments with utility investments
Sponsors
Legislative Progress
IntroducedMr. Riley of New York introduced the following bill; which …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Domestic electric utility companies, Foreign-owned utility holding companies
Positive-direction: Domestic electric utility companies
Negative-direction: Foreign-owned utility holding companies
Foreign corporations with U.S. utility investments, Foreign governments with utility investments
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology