H.R. 5487 — Introduced in House

I 119th CONGRESS 1st Session H. R. 5487 IN THE HOUSE OF REPRESENTATIVES September 18, 2025Mr. 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. 1. Short title This Act may be cited as the Keep the Lights Local Act. 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. .