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 does not include any deletions from existing law but introduces new legal language that explicitly states the prohibition on the trading of publicly traded utility company stocks. The intent behind this measure is to safeguard the stability and reliability of public utility services by removing them from the volatility associated with stock market trading.