In CommitteeFiled Mar 12, 2026
Sponsor: Rep. Stevens, Haley M. [D-MI-11] (D)
Latest Action
Referred to the House Committee on Energy and Commerce.
Mar 12, 2026
Summary
The bill bars the Secretary of Energy from giving financial assistance to investor‑owned electric utilities that charge residential customers more than they did on Jan 1 2026. It creates a one‑year moratorium and then a two‑year period where assistance is allowed only if utilities meet strict compensation conditions for their top executives. The aim is to keep electricity affordable and discourage price hikes.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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