Public Utility Holding Company Act Amendments of 1981

[AI summary unavailable — showing source text] Public Utility Holding Company Act Amendments of 1981 - Amends the Public Utility Holding Company Act of 1935 to exempt from the prohibition on the issuance or sale of securities and the alteration of stockholder rights by registered companies: (1) certain security transactions by a subsidiary of a registered holding company if the subsidiary is a public-utility company, such a transactions's purpose is to finance the subsidiary's business or the business of another subsidiary in the same holding-company system, and such a transaction is expressly authorized by the State in which the subsidiary is doing business; (2) certain security transactions by a registered holding company or its subsidiary pursuant to a declaration effective under such Act; and (3) certain transactions involving the securities of a subsidiary by a registered holding company which is not a public-utility company if the value of the securities involved does not exceed a specified amount. Authorizes the Securities and Exchange Commission (SEC) to establish requirements with respect to the consolidated security structure of a registered holding company system to prevent an unsound financial practice. Authorizes t…