Wheeler-Rayburn Act
E39120
The Wheeler-Rayburn Act is a New Deal-era U.S. federal law that restructured and regulated electric utility holding companies to curb monopolistic practices and protect consumers and investors.
Aliases (2)
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
New Deal legislation
→
United States federal statute → |
| affects |
consumer electricity rates
→
investor protection in utility securities → |
| aimsTo |
curb monopolistic practices in utility holding companies
→
eliminate abusive financial practices in utility holding companies → protect consumers → protect investors → simplify complex utility holding company structures → |
| alsoKnownAs |
Wheeler-Rayburn Public Utility Holding Company Act
→
|
| appliesToSector |
electric power industry
→
gas utility industry → |
| authorizes |
SEC to limit operations of holding companies to integrated utility systems
→
SEC to order simplification of holding company structures → SEC to require divestiture of non-utility businesses → |
| codifiedIn |
Title 15 of the United States Code
→
|
| country |
United States
→
|
| dateEnacted |
1935-08-26
→
|
| enactedBy |
74th United States Congress
→
|
| grantsPowerTo |
Securities and Exchange Commission
→
|
| hasOfficialName |
Public Utility Holding Company Act of 1935
→
|
| hasShortName |
PUHCA
→
|
| historicalContext |
Great Depression
→
New Deal reforms of financial markets → |
| imposes |
limits on geographic scope of utility holding company operations
→
restrictions on intercompany transactions within holding company systems → |
| influencedBy |
investigations of utility holding companies by the Federal Trade Commission
→
recommendations of the Federal Power Commission → |
| jurisdiction |
federal government of the United States
→
|
| legalArea |
antitrust law
→
public utilities regulation → securities regulation → |
| legislativeChamber |
United States House of Representatives
→
United States Senate → |
| motivatedBy |
abuses by large utility holding company systems in the 1920s and early 1930s
→
|
| partiallyRepealedBy |
Energy Policy Act of 2005
→
|
| partOf |
New Deal
→
|
| presidentAtEnactment |
Franklin D. Roosevelt
→
|
| regulates |
electric utility holding companies
→
public utility holding companies → |
| relatedTo |
Public Utility Act of 1935
→
|
| requires |
registration of public utility holding companies with the Securities and Exchange Commission
→
|
| seeksTo |
promote integrated and economically efficient utility systems
→
|
| signedBy |
Franklin D. Roosevelt
→
|
| sponsor |
Burton K. Wheeler
→
Sam Rayburn → |
| status |
substantially repealed
→
|
| typeOfRegulation |
structural regulation of corporate organization
→
|
Referenced by (3)
| Subject (surface form when different) | Predicate |
|---|---|
|
Public Utility Holding Company Act of 1935
→
Wheeler-Rayburn Act ("Wheeler-Rayburn Public Utility Holding Company Act") → |
alsoKnownAs |
|
Agricultural Adjustment Act of 1933
("H.R. 3835")
→
|
introducedAs |