Diversification Amendments to the Public Utility Holding Company Act of 1935

Diversification Amendments to the Public Utility Holding Company Act of 1935 - Amends the Public Utility Holding Company Act of 1935 to exempt from its provisions holding company with one subsidiary public- utility company whose operations do not extend beyond the State in which it is organized and States contiguous to such State. Retains for such holding company the prohibition on acquisitions without SEC approval of public-utility company securities by any persons who are affiliates of such company.

States that the exemption of a holding company shall not be affected by the ownership of a public- utility company by a public-utility subsidiary of such holding company if the holding company is predominantly a public-utility company whose operations do not extend beyond the State in which it is organized and States contiguous to such State.