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Primary Text
Equality Clause. Any advantage, favor, privilege, exemption, or immunity granted under existing franchises, or may hereafter be granted shall, upon prior review and approval of Congress, become part of previously granted power distribution franchises and shall be accorded immediately and unconditionally to the grantees of such franchises: Provided, however, That the foregoing shall neither apply to nor affect provisions concerning territory covered by the franchise, the life span of the franchise, or the type of service authorized by the franchise: Provided, further, That the foregoing shall not apply to the sale, lease, transfer, grant of usufruct or assignment of legislative franchises with prior congressional approval.
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