Restrictions on the sale of public utilities.

Summary

The bill would forbid Indiana public utilities from transferring ownership, franchise rights, or stock to private‑equity firms or to individuals or companies tied to China, Iran, North Korea, Russia, or any country the governor labels a critical‑infrastructure threat. The state utility commission could not approve such deals and any contract would be void, with a limited carve‑out for transactions completed before February 28 2026. It is intended to keep essential utility services out of potentially hostile or profit‑driven hands.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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