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S 2000 - 99

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

Became Public Law No: 99-648.

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Energy
2 evidence matches
Impact 100% Confidence 92%

Energy

A bill to clarify the exemptive authority of the Securities and Exchange Commission. Became Public Law No: 99-648. Energy

Finance and banking
1 evidence matches
Impact 81% Confidence 76%

A bill to clarify the exemptive authority of the Securities and Exchange Commission. Became Public Law No: 99-648. Energy

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Summary

36 Passed House amended Apr 4, 2004

(Measure passed House, amended) Exempts from the provisions of the Public Utility Holding Company Act of 1935 (except for certain securities acquisition restrictions) any public utility holding company that has only one subsidiary which is a gas utility company, if: (1) such subsidiary was incorporated on June 16, 1986, for the express purpose of operating as a gas utility company, the subsidiary's voting securities are all owned by the holding company, and its operations do not extend beyond the State in which it is organized; and (2) neither the holding company nor any of its subsidiaries are either a public utility company or engaged in residential or commercial plumbing, heating, refrigeration, air-conditioning, or in the sale, installation, or servicing of such or related equipment.

35 Passed Senate amended Apr 4, 2004

(Measure passed Senate, amended) Exempts from the provisions of the Public Utility Holding Company Act of 1935 (except for certain securities acquisition restrictions) any public utility holding company that has only one subsidiary which is a gas utility company, if: (1) such subsidiary was incorporated on or before July 1, 1986, for the express purpose of operating as a gas utility company, the subsidiary's voting securities are all owned by the holding company, and its operations do not extend beyond the State in which it is organized; and (2) neither the holding company nor any of its subsidiaries are either a public utility company or engaged in residential or commercial plumbing, heating, refrigeration, air-conditioning, or in the sale, installation, or servicing of such or related equipment.

01 Reported to Senate with amendment(s) Apr 4, 2004

(Reported to Senate from Committee on Banking, Housing and Urban Affairs amended (without written report)) Exempts from the provisions of the Public Utility Holding Company Act of 1935 (except for certain securities acquisition restrictions) any public utility holding company that has only one subsidiary which is a gas utility company, if: (1) such subsidiary was incorporated on or before July 1, 1986, for the express purpose of operating as a gas utility company, the subsidiary's voting securities are all owned by the holding company, and its operations do not extend beyond the State in which it is organized; and (2) neither the holding company nor any of its subsidiaries are either a public utility company or engaged in residential or commercial plumbing, heating, refrigeration, air-conditioning, or in the sale, installation, or servicing of such or related equipment.

00 Introduced in Senate Apr 4, 2004

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 and contiguous States; and (2) 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.

Sponsors

Timeline

Nov 10, 1986

Signed by President.

Nov 10, 1986

Signed by President.

Nov 10, 1986

Became Public Law No: 99-648.

Nov 10, 1986

Became Public Law No: 99-648.

Oct 30, 1986

Presented to President.

Oct 30, 1986

Presented to President.

Oct 29, 1986

Measure Signed in Senate.

Oct 17, 1986

Resolving differences -- Senate actions: Senate agreed to the House amendment by Voice Vote.

Oct 17, 1986

Senate agreed to the House amendment by Voice Vote.

Sep 30, 1986

Message on House action received in Senate and held at desk: House amendments to Senate bill.

Sep 29, 1986

Called up by House by Unanimous Consent.

Sep 29, 1986

Passed/agreed to in House: Passed House (Amended) by Voice Vote.

Sep 29, 1986

Passed House (Amended) by Voice Vote.

Aug 15, 1986

Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

Aug 15, 1986

Passed Senate with an amendment by Voice Vote.

Aug 13, 1986

Committee on Banking. Ordered to be reported with an amendment favorably.

Aug 13, 1986

Committee on Banking. Reported to Senate by Senator Garn with an amendment. Without written report.

Aug 13, 1986

Committee on Banking. Reported to Senate by Senator Garn with an amendment. Without written report.

Aug 13, 1986

Placed on Senate Legislative Calendar under General Orders. Calendar No. 845.

Dec 20, 1985

Introduced in Senate

Dec 20, 1985

Read twice and referred to the Committee on Banking.

House Votes

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Amendments

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