Prohibits foreign-owned utility companies from operating in Missouri

Plain English Breakdown

The official source material does not provide details on what happens to foreign-owned utility companies already operating in Missouri, leaving this as an open question.

Prohibits foreign-owned utility companies from operating in Missouri

This law stops foreign-owned companies from running electricity services in Missouri.

What This Bill Does

• Makes it illegal for foreign entities to own or operate electrical corporations that provide electricity in Missouri.
• Applies this rule to all parts of the state, not just certain areas.
• Doesn't allow subsidiaries of foreign entities to operate either.

Who It Names or Affects

• Foreign-owned utility companies
• Missouri residents who use electricity

Terms To Know

foreign entity

A company or organization that is based in another country, not the United States.

subsidiary

A smaller company owned by a larger parent company.

Limits and Unknowns

• Doesn't specify what happens to foreign-owned utility companies already operating in Missouri.
• Only applies to electricity services, not other utilities like water or gas.

Official Summary Text

Prohibits foreign-owned utility companies from operating in Missouri

Current Bill Text

SECOND REGULAR SESSION
HOUSE BILL NO. 1673
103RD GENERAL ASSEMBL Y
INTRODUCED BY REPRESENT A TIVE SEITZ.
4895H.01I JOSEPH ENGLER, Chief Clerk
AN ACT
T o amend chapter 1, RSMo, by adding thereto one new section relating to foreign ownership
of electrical corporations.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 1, RSMo, is amended by adding thereto one new section, to be
2 known as section 1.520, to read as follows:
1.520. No for eign entity , nor any of its subsidiaries, shall own or operate an
2 electrical corporation, as such term is defined in section 386.020, within the state of
3 Missouri.
✔
EXPLANA TION — Matter enclosed in bold-faced brackets [thus] in the above bill is not enacted and is
intended to be omitted from the law . Matter in bold-face type in the above bill is proposed language.