# Indiana HB 1186: Restrictions on the sale of public utilities.

Indiana HB 1186, Restrictions on the sale of public utilities., is a Second Regular Session 124th General Assembly (2026) House bill sponsored by Becky Cash (Republican); status failed, last action 2026-01-05 (Representative Zimmerman added as coauthor) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IN-HB1186-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Indiana HB 1186
- State: Indiana
- Session: Second Regular Session 124th General Assembly (2026)
- Title: Restrictions on the sale of public utilities.
- Status: failed
- Chamber: House
- Introduced: 2026-01-05
- Last action: 2026-01-05, Representative Zimmerman added as coauthor
- Sponsor: Becky Cash (Republican)
- Cosponsors: 3
- Subjects: utilities
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

Prohibits a public utility from: (1) selling, assigning, transferring, leasing, or encumbering its franchise, business, or property; or (2) selling, assigning, or transferring any shares of its stock; to a prohibited person. Provides that the Indiana utility regulatory commission may not approve such a transaction, and that any contract for such a transaction is void. Provides that for purposes of this prohibition, a "prohibited person" means either of the following: (1) A private equity firm or an affiliate of a private equity firm. (2) A citizen of, or a company owned or controlled by or headquartered in, China, Iran, North Korea, Russia, or a country designated as a threat to critical infrastructure by the governor.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Becky Cash (Republican), House
- Cosponsor: Alex Zimmerman (Republican), House
- Cosponsor: Kendell Culp (Republican), House
- Cosponsor: Lorissa Sweet (Republican), House

## Actions (4)

- 2026-01-05: Representative Zimmerman added as coauthor (House)
- 2026-01-05: Authored by Representative Cash (House)
- 2026-01-05: First reading: referred to Committee on Utilities, Energy and Telecommunications (House)
- 2026-01-05: Coauthored by Representatives Culp, Sweet (House)

## Bill text

- Introduced House Bill (H): [PDF](https://api.iga.in.gov/2026/bills/HB1186/versions/HB1186.01.INTR?format=pdf)

## Related bills

- HB 1266: Department of education and education matters. (signed)
- HB 1277: Health and human services matters. (signed)
- HB 1210: Department of local government finance. (signed)
- HB 1249: Various criminal law matters. (signed)
- HB 1200: Bureau of motor vehicles. (signed)
- HB 1115: Homeowners association governance. (signed)

## Sources
- [Introduced House Bill (H) (PDF)](https://api.iga.in.gov/2026/bills/HB1186/versions/HB1186.01.INTR?format=pdf)

## Related
- [HB 1266: Department of education and education matters.](https://policyrisk.com/state-bill/IN-HB1266-2026)
- [HB 1277: Health and human services matters.](https://policyrisk.com/state-bill/IN-HB1277-2026)
- [HB 1210: Department of local government finance.](https://policyrisk.com/state-bill/IN-HB1210-2026)
- [HB 1249: Various criminal law matters.](https://policyrisk.com/state-bill/IN-HB1249-2026)
- [HB 1200: Bureau of motor vehicles.](https://policyrisk.com/state-bill/IN-HB1200-2026)
- [HB 1115: Homeowners association governance.](https://policyrisk.com/state-bill/IN-HB1115-2026)
- [Indiana bills](https://policyrisk.com/states/indiana/bills)
- [Indiana state hub](https://policyrisk.com/states/indiana)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IN-HB1186-2026 (as of 2026-11-01).