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United States · Bill · HR

H.R. 112 (101st)

Public Utility Holding Company Modernization Act of 1989

referredUnited States· United States Congress· EN

Introduced

3 January 1989

Last action

13 February 1989 · Referred

Status

Referred to the Subcommittee on Telecommunications and Finance.

Sponsors

Rep. Bryant, John W. [D-TX-5], Rep. Chapman, Jim [D-TX-1], Rep. Hammerschmidt, John P. [R-AR-3], Rep. McCurdy, Dave [D-OK-4], Rep. Coleman, Ronald D. [D-TX-16], Rep. Hall, Ralph M. [R-TX-4], Rep. Murphy, Austin J. [D-PA-20], Rep. Bustamante, Albert G. [D-TX-23], Rep. Watkins, Wes [R-OK-3], Rep. Ortiz, Solomon P. [D-TX-27], Sen. Inhofe, James M. [R-OK], Rep. Stenholm, Charles W. [D-TX-17], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. English, Glenn [D-OK-6], Rep. McCrery, Jim [R-LA-4], Rep. Laughlin, Greg [D-TX-14]

Subjects

Discovery layer

Source updated

26 August 2025

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Summary

Public Utility Holding Company Modernization Act of 1989 - Amends the Public Utility Holding Company Act of 1935 with respect to unlawful transactions by registered public utility holding companies to permit a subsidiary company which is neither a holding company nor a public utility company to issue and sell securities solely for the purpose of financing its business. Directs the Securities and Exchange Commission to exempt a subsidiary of a registered holding company from the proscription against the issuance or selling of its own securities (including the alteration of stockholder rights to such securities) if such transactions are solely for its business and have been expressly authorized by the State regulatory authority. Permits a registered holding company to acquire: (1) business interests of a non-public utility nature whose book value aggregates 15 percent of its total consolidated assets; and (2) additional business interests which the Commission finds consistent with the public interest or the protection of investors or consumers.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 January 1989

    Introduced

    Referred to the House Committee on Energy and Commerce.

    Source: IntroReferral

  2. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 January 1989

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 13 February 1989

    Referred

    Referred to the Subcommittee on Energy and Power.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 3 January 1989

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

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Sources

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