Introduced in House — H.R. 5487

119th CONGRESS

1st Session

H. R. 5487

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.

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:

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.