A bill to prohibit for a ten-year period the transfer or sale of federal Power Marketing Administrations or the Tennessee Valley Authority, and for other purposes.

Prohibits for a period of ten years any disposition of any federally owned or operated power production or transmission facility located in the conterminous 48 States whose electric energy is transmitted for sale by a Federal Power Marketing Administration or by the Tennessee Valley Authority.

Exempts from such proscription certain authority granted: (1) under the Bonneville Project Act of 1937; (2) to the Tennessee Valley Authority for property dispositions in the normal course of business; and (3) to the Administrator of the General Services Administration to dispose of surplus property. Makes such proscription inapplicable to transactions involving the production and transmission of electric power among Federal officials that may occur in the normal course of business.