The proposed bill, General Assembly Proposed Bill No. 423, seeks to amend current statutes to prohibit the stock of any publicly traded utility company from being traded on any stock exchange. This legislative change is aimed at ensuring that public utility companies, which provide essential services, are not subject to the fluctuations and pressures of the stock market.

The bill introduces new legal language that explicitly states this prohibition, while there are no deletions from existing law noted in the text. The intent behind this measure is to safeguard public utility companies from market volatility and to potentially enhance their focus on service delivery rather than shareholder profits.