H.R. 5487

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5487 Introduced in House (IH)]

<DOC>

119th CONGRESS
1st Session
H. R. 5487

To prohibit foreign ownership of public utilities, and for other 
purposes.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

September 18, 2025

Mr. Riley of New York introduced the following bill; which was referred 
to the Committee on Energy and Commerce

_______________________________________________________________________

A BILL

To prohibit foreign ownership of public utilities, and for other 
purposes.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Keep the Lights Local Act''.

SEC. 2. PROHIBITION ON FOREIGN OWNERSHIP.

42 U.S. Code Chapter 149 Subchapter XII Part D--Repeal of Public 
Utility Holding Company Act of 1935 is amended by inserting at the end 
the following:

``SEC. 16464. PROHIBITION ON FOREIGN OWNERSHIP.

``(a) Prohibition on Foreign Ownership.--No foreign corporation or 
foreign government shall be a public utility holding company.
``(b) Effective Date.--The prohibition provided in subsection (a) 
shall be effective on the date that is 180 days after the effective 
date of this Act.''.
<all>