Section 1. Short title
This Act may be cited as the Keep the Lights Local Act.
Section 2. Prohibition on foreign ownership
42 U.S. Code Chapter 149 Subchapter XII Part D—Repeal of Public Utility Holding Company Act of 1935 is amended by inserting at the end the following:
(a) Prohibition on foreign ownership
No foreign corporation or foreign government shall be a public utility holding company.
(b) Effective date
The prohibition provided in subsection (a) shall be effective on the date that is 180 days after the effective date of this Act.