Bill > LB347

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.

Transportation and Infrastructure

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59592