A bill to clarify the exemptive authority of the Securities and Exchange Commission.

Summary

Amends the Public Utility Holding Company Act of 1935 to direct the Securities and Exchange Commission, on its own or upon application, to exempt from such Act a public utility holding company that has only one subsidiary company which is a natural gas public utility, if: (1) the operations of such subsidiary do not extend beyond the State in which it is organized; (2) the subsidiary was incorporated on or before July 1, 1986, for the express purpose of operating a public utility; and (3) neither the holding company nor the subsidiary is engaged in retail residential or commercial plumbing, heating, electrical, air-conditioning, or related equipment installation or servicing.

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1 official file

• Introduced in House

  summary · EN · 24 July 1986

  Open at official source

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