Public Utility Holding Company Act of 1935
E6246
The Public Utility Holding Company Act of 1935 was a New Deal-era U.S. federal law that restructured and regulated electric and gas utility holding companies to curb monopolistic practices and protect consumers and investors.
Aliases (4)
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
New Deal legislation
→
United States federal statute → |
| addressesProblem |
concentration of control over utilities in a few large holding companies
→
lack of transparency in utility holding company finances → pyramiding of utility holding company securities → |
| aimsTo |
eliminate unnecessary subsidiary companies
→
reduce financial abuses in utility holding companies → |
| alsoKnownAs |
Wheeler-Rayburn Act
→
|
| appliesToSector |
electric utilities
→
gas utilities → |
| authorizes |
SEC to limit operations of holding companies to a single integrated public-utility system
→
SEC to order simplification of holding company structures → |
| codifiedIn |
Title 15 of the United States Code
→
|
| componentOf |
U.S. securities and utilities regulation framework
→
|
| country |
United States
→
|
| enactedBy |
74th United States Congress
→
|
| field |
energy law
→
securities regulation → |
| grantsPowerTo |
Securities and Exchange Commission
→
|
| hasEffect |
breakup of large interstate utility holding company systems
→
increased federal oversight of utilities → simplification of corporate structures in the utility industry → |
| influencedBy |
Great Depression
→
public concern over utility monopolies → |
| jurisdiction |
federal government of the United States
→
|
| legacy |
established long-term federal standards for utility holding company regulation
→
|
| opposedBy |
many large utility holding companies
→
|
| partOf |
New Deal
→
|
| purpose |
to curb monopolistic practices in the utility industry
→
to protect consumers → to protect investors → to simplify complex utility holding company structures → |
| regulates |
public utility holding companies
→
|
| relatedTo |
Federal Power Act
→
Securities Act of 1933 → Securities Exchange Act of 1934 → |
| repealedBy |
Energy Policy Act of 2005
→
|
| repealEffectiveDate |
2005-02-08
→
|
| requires |
registration of utility holding companies with the Securities and Exchange Commission
→
|
| shortName |
PUHCA
→
|
| signedBy |
Franklin D. Roosevelt
→
|
| signingDate |
1935-08-26
→
|
| status |
repealed
→
|
| subjectOf |
Supreme Court litigation
→
|
| upheldBy |
United States Supreme Court
→
|
| yearEnacted |
1935
→
|
Referenced by (9)
| Subject (surface form when different) | Predicate |
|---|---|
|
Public Utility Regulatory Policies Act of 1978
→
Wheeler-Rayburn Act ("Public Utility Act of 1935") → |
relatedTo |
|
Public Law 109-58
→
|
amends |
|
Title 15 of the United States Code
("Public Utility Holding Company Act provisions")
→
|
contains |
|
Public Law 109-58
("Public Utility Holding Company Act of 2005")
→
|
creates |
|
Wheeler-Rayburn Act
→
|
hasOfficialName |
|
74th United States Congress
→
|
passed |
|
Public Law 109-58
→
|
repeals |
|
Public Utility Holding Company Act of 1935
("PUHCA")
→
|
shortName |