Keep the Lights Local Act
Summary
The "Keep the Lights Local Act" aims to prohibit foreign ownership of public utilities in the United States. It amends the U.S. Code to prevent foreign corporations or governments from becoming public utility holding companies. The prohibition would take effect 180 days after the Act's effective date.
Expected Effects
This act would restrict the ownership of public utilities to domestic entities. This could lead to changes in investment patterns and potentially affect the operation and expansion of utility services.
Potential Benefits
- Increased national security by ensuring critical infrastructure is domestically controlled.
- Potential for greater accountability to local communities.
- Support for domestic businesses and investment in the utility sector.
- Reduced risk of foreign influence over essential services.
- May foster greater public trust in utility management.
Potential Disadvantages
- Potential reduction in foreign investment in the U.S. utility sector.
- Possible limitations on access to international expertise and technology.
- Risk of retaliatory measures from other countries affecting U.S. investments abroad.
- Could lead to higher costs for utilities if domestic options are less competitive.
- May stifle innovation if foreign competition is eliminated.
Most Disadvantaged Areas:
Constitutional Alignment
The bill appears to align with the Constitution, specifically Article I, Section 8, which grants Congress the power to regulate commerce with foreign nations. The prohibition on foreign ownership of public utilities could be seen as a regulation of commerce necessary for national security and domestic tranquility, as stated in the Preamble.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).