Keep the Lights Local Act
Sponsored By: Representative Riley (NY)
Introduced
Summary
Prohibits foreign ownership of public utility holding companies. This bill would bar any foreign corporation or foreign government from being a public utility holding company by adding a new prohibition to federal law. The rule covers both corporate and governmental foreign owners. The ban becomes effective 180 days after the act's effective date, creating a short transition window for entities that qualify as public utility holding companies.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Ban on foreign owners of utility holding companies
This bill would ban foreign corporations and foreign governments from being public utility holding companies. The ban would start 180 days after the Act’s effective date. The bill does not include exemptions or other phase-ins beyond that timeline. If passed, this could shift who owns utilities and could affect utility financing or rates.
Sponsors & CoSponsors
Sponsor
Riley (NY)
NY • D
Cosponsors
Rep. Deluzio, Christopher R. [D-PA-17]
PA • D
Sponsored 10/3/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov