This bill proposes to amend the current regulations governing the issuance of securities by common carriers under the jurisdiction of the Public Service Commission in Nebraska. Specifically, it seeks to eliminate existing conditions that govern this process, thereby streamlining the regulatory framework for these entities.

Additionally, the bill includes the outright repeal of section 75-148 from the Reissue Revised Statutes of Nebraska, which likely contains the aforementioned conditions. This repeal is intended to simplify the legal landscape for common carriers in Nebraska, potentially facilitating easier access to capital through the issuance of securities.