This bill proposes to eliminate conditions on the issuance of securities by common carriers regulated by the Public Service Commission in Nebraska. Specifically, it seeks to repeal Section 75-148 of the Reissue Revised Statutes of Nebraska, which currently outlines these conditions.

By repealing this section, the bill aims to streamline the regulatory framework for common carriers, potentially facilitating easier access to capital through the issuance of securities. This change reflects a shift towards reducing regulatory burdens on these entities, allowing them greater flexibility in their financial operations.