summary
Introduced
01/16/2025
01/16/2025
In Committee
01/21/2025
01/21/2025
Crossed Over
Passed
Dead
06/02/2025
06/02/2025
Introduced Session
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to the Public Service Commission; to eliminate conditions on the issuance of securities by common carriers; and to outright repeal section 75-148, Reissue Revised Statutes of Nebraska.
AI Summary
This bill eliminates a specific section of Nebraska law (Section 75-148 in the Reissue Revised Statutes) that previously placed conditions on how common carriers (businesses that transport goods or people, such as transportation companies) could issue securities. By repealing this entire section, the bill removes existing regulatory requirements that previously governed how these carriers could raise capital through financial instruments like stocks or bonds. The bill appears to be aimed at reducing regulatory barriers for common carriers, potentially making it easier for these businesses to obtain financial resources by simplifying or eliminating prior approval processes with the Public Service Commission. The straightforward legislative approach simply strikes the entire existing section of law without proposing any replacement language, which suggests a complete deregulation of securities issuance for these types of businesses.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Indefinitely postponed (on 06/02/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59592 |
Analysis - Committee Statement | https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB347.pdf |
Fiscal Note for LB347 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB347_20250210-123709.pdf |
Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB347.pdf |
BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB347.pdf |
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