A bill to clarify the exemptive authority of the Securities and Exchange Commission.
Public Law 99-648 · S. 2000 · 99th Congress · began in the Senate
Signed by Ronald Reagan (R) on Nov 10, 1986 · Energy
Sponsor: Sen. Jay Rockefeller (D-WV)
Cosponsors (1): Sen. Robert Byrd
Passage votes
- HouseVoice vote
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Exempts from the provisions of the Public Utility Holding Company Act of 1935 (except for certain securities acquisition restrictions) any public utility holding company that has only one subsidiary which is a gas utility company, if: (1) such subsidiary was incorporated on June 16, 1986, for the express purpose of operating as a gas utility company, the subsidiary's voting securities are all owned by the holding company, and its operations do not extend beyond the State in which it is organized; and (2) neither the holding company nor any of its subsidiaries are either a public utility company or engaged in residential or commercial plumbing, heating, refrigeration, air-conditioning, or in the sale, installation, or servicing of such or related equipment.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 11 actions.
- Nov 10, 1986Became lawBecame law · Became Public Law No: 99-648.
- Became lawBecame law · Signed by President.
- Oct 30, 1986PresidentPresident · Presented to President.
- Oct 17, 1986Resolving differencesResolving differences · Senate agreed to the House amendment by Voice Vote.
- Sep 29, 1986FloorFloor · Passed House (Amended) by Voice Vote.
- FloorFloor · Called up by House by Unanimous Consent.
- Aug 15, 1986FloorFloor · Passed Senate with an amendment by Voice Vote.
- Aug 13, 1986CommitteeCommittee · Reported by Senate Banking, Housing, and Urban Affairs Committee
- CommitteeCommittee · Markup by Senate Banking, Housing, and Urban Affairs Committee
- Dec 20, 1985CommitteeCommittee · Referred to Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.