Haley Stevens (D-MI)

Stop Unfair Electricity Prices Act

H.R. 7926 · House bill Energy

A Democratic bill with 1 Democratic cosponsor · See the cosponsor

Last activity — Referred to the House Committee on Energy and Commerce.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The "Stop Unfair Electricity Prices Act" sets rules for the Secretary of Energy regarding financial assistance to regulated investor owned electric utilities. For the first year, the Secretary cannot provide assistance to utilities that raise residential electricity rates above what they were on January 1, 2026. Utilities receiving assistance during this first year must also keep rates at the January 1, 2026 level or face termination of that assistance. For the following two years, assistance is barred for utilities raising rates unless they limit or reduce the compensation of their five highest-paid employees. These employees' pay must be reduced by twice the percentage point increase of the new electricity rate. Additionally, the utility must report the compensation levels of those five employees to the Secretary.

Yes· 3 of 9

  • Scored +7

    Would households on low incomes be better off under this?

    Prevents electricity rate increases which disproportionately affect low-income budgets.

  • Scored +6

    Does this give people more protection from unfair business practices?

    Protects residential consumers from unfair electricity price increases through financial incentives for utilities.

  • Scored +5

    Would people over 65 be better off under this?

    Seniors on fixed incomes benefit significantly from stabilized residential electricity rates.

The opposite· 3 of 4

  • Scored -4

    Would people with substantial wealth be better off under this?

    Negatively impacts the highest-compensated utility executives through mandatory pay cuts.

  • Scored -4

    Would the very wealthiest people be better off under this?

    Negatively impacts high-earning utility executives.

  • Scored -4

    Would billionaires be better off under this?

    Negatively impacts high-earning utility executives.