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
The bill amends the Public Utility Holding Company Act to prohibit any foreign corporation or foreign government from being a public utility holding company, effective 180 days after enactment and requires new statutory section that explicitly prohibits foreign corporations and foreign governments from being public utility holding companies, with a 180-day implementation period. It relies on trade restrictions and compliance mandates. The main policy areas are Energy, Foreign Policy, and Finance.
Who Benefits and How
U.S. national security interests could face reduced risk, Domestic electric utility companies could face fewer barriers, and Domestic investors in utility sector could gain revenue opportunities.
Who Bears the Burden and How
Foreign-owned utility holding companies could face higher barriers, Foreign-owned public utility holding companies could face higher barriers, and Foreign governments with utility investments would take on compliance duties.
Key Provisions
- Amends the Public Utility Holding Company Act to prohibit any foreign corporation or foreign government from being a public utility holding company, effective 180 days after enactment.
- Requires new statutory section that explicitly prohibits foreign corporations and foreign governments from being public utility holding companies, with a 180-day implementation period.
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
The bill amends the Public Utility Holding Company Act to prohibit any foreign corporation or foreign government from being a public utility holding company, effective 180 days after enactment and requires new statutory section that explicitly prohibits foreign corporations and foreign governments from being public utility holding companies, with a 180-day implementation period.
Key Policy Areas
Energy, Foreign Policy, Finance
Primary Purpose
The bill amends the Public Utility Holding Company Act to prohibit any foreign corporation or foreign government from being a public utility holding company, effective 180 days after enactment and requires new statutory section that explicitly prohibits foreign corporations and foreign governments from being public utility holding companies, with a 180-day implementation period.
Policy Domains
Main Bill - Prohibition on Foreign Ownership
Identified Gains
- U.S. national security interests
- Domestic electric utility companies
- Domestic investors in utility sector
Identified Costs
- Foreign-owned utility holding companies
- Foreign-owned public utility holding companies
- Foreign governments with utility investments
- Foreign corporations with U.S. 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