H.R. 4427
Referred to CommitteeTo amend section 203 of the Federal Power Act.
Latest Action
Received in the Senate and Read twice and referred to the Committee on Energy and Natural Resources.
3/15/2016 • Senate
Summary
This bill amends the Federal Power Act with respect to the prohibition regarding mergers or consolidations by a public utility. Any merger or consolidation of a public utility whose value exceeds $10 million must first be authorized by the Federal Energy Regulatory Commission (FERC).
In addition, FERC is required to promulgate a rule within 180 days that mandates any public utility seeking to merge or consolidate to notify FERC, within 30 days of transaction consummation, if the value of such merger or consolidation exceeds $1 million but is less than $10 million.
Passed House amended • 3/14/2016
Topics & Subjects
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Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the House
Introduced
February 2, 2016
Committee Review
February 10, 2016
Subcommittee Consideration and Mark-up Session Held.
Floor Debate
March 14, 2016
Passed Chamber
March 14, 2016
Other Chamber
President
Enacted into Law