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HR 3976 105th Congress House Energy Administrative procedure Affiliated corporations Business records Commerce Consumer protection Department of Energy Electric utility rates Executive reorganization Finance and Financial Sector Gas companies Government Operations and Politics Government paperwork Holding companies Independent regulatory commissions Law Public utility rates Public utility regulation Securities and Exchange Commission Securities regulation

Public Utility Holding Company Act of 1998

Introduced: May 22, 1998 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 5, 1998
Referred to the Subcommittee on Energy and Power.
Jun 5, 1998
Referred to the Subcommittee on Finance and Hazardous Materials.
May 22, 1998
Referred to the House Committee on Commerce.
May 22, 1998
Sponsor introductory remarks on measure. (CR E971)
May 22, 1998
Introduced in House
 Plain-English summary Congressional Research Service

Public Utility Holding Company Act of 1998 - Repeals the Public Utility Holding Company Act of 1935.

Prescribes procedural guidelines for both Federal Energy Regulatory Commission (FERC) and State access to records of a holding company (including subsidiaries, associates and affiliates) of a public utility or natural gas company.

Instructs FERC to promulgate a final rule to exempt specified holding companies from such access requirements. Requires FERC to exempt any person or transaction from such access requirements if it finds that regulation of such person or transaction is irrelevant to the jurisdictional rates of a public utility company.

Retains the jurisdiction of FERC and State commissions to determine whether a public utility company may recover in rates any costs of affiliate transactions.

Declares this Act inapplicable to: (1) the United States; (2) a State or its political subdivision; and (3) a foreign governmental authority not operating in the United States.

Grants FERC certain Federal Power Act enforcement powers.

Transfers from the Securities and Exchange Commission to FERC all books and records that relate primarily to the functions vested in FERC by this Act.

Authorizes appropriations.

Amends the Federal Power Act to repeal its conflict of jurisdiction guidelines.

What's happening now June 5, 1998

Referred to the Subcommittee on Energy and Power.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1