Implementation of Section 34(a)(1) of the Public Utility Holding Company Act of 1935, as Added by the Telecommunications Act of 1996
type: GovernmentService
description: This Report & Order (R&O) adopts regulations which implement new section 34(a)(1) of the Public Utility Holding Company Act of 1935 (PUHCA), 15 U.S.C. 79 et seq., as added by section 103 of the Telecommunications Act of 1996. Under new section 34, registered public utility holding companies may now enter the telecommunications industry without prior Securities and Exchange Commission (``SEC'') approval by acquiring or maintaining an interest in an ``exempt telecommunications company'' (``ETC''). Moreover, exempt public utility holding companies, by owning or acquiring an interest in an ETC, may now acquire a ``safe harbor'' from potential SEC regulation under PUHCA section 3(a). Section 34(a)(1) requires the Commission to promulgate rules implementing procedures for determining ETC status within one year of the date of enactment of the Telecommunications Act of 1996.
date published: 1996-10-09
start time: 1996-11-08
provider: Federal Communications Commission
citation: DigitalDocument
license: https://creativecommons.org/publicdomain/zero/1.0/
source: https://www.federalregister.gov/documents/1996/10/09/96-25560/implementation-of-section-34a1-of-the-public-utility-holding-company-act-of-1935-as-added-by-the
source organization: US Federal Register
publisher: AI Analytics

PropertyValue
property ID: Federal Register Document Number
value: 96-25560

PropertyValue
property ID: Federal Register Citation
value: 61 FR 52887

PropertyValue
property ID: CFR Reference
value: 47 CFR 1

PropertyValue
property ID: FCC Docket
value: GC Docket No. 96-101, FCC 96-376

AI Analytics
type: Organization