H.R. 8002, also known as the "Stop the Rate Hikes Act," is a proposed amendment to the Public Utility Regulatory Policies Act of 1978. This bill requires states to consider policies that would restrict utility companies to requesting retail utility rate increases no more than...
Simple Explanation
Imagine you are playing a game where you can't ask for another cookie until a full day has passed. H.R. 8002 wants to make a rule like that for companies that send us electricity bills, so they can only ask to raise the cost of electricity once every year.