Federal Price Gouging Prevention Act

1/2
Status In Committee
Sponsor Tammy Duckworth
Citation 118-S-355
Actions 2
Introduced Feb 9th, 2023
Cosponsors
3
Last Action Feb 9th, 2023
Policy Area
Introduced Senate Feb 9
Senate
House
President
Enacted

Summary

AI Guide

What this bill does

Loading AI analysis…

Federal Price Gouging Prevention Act This bill prohibits any person from selling, during a proclaimed domestic or international crisis affecting the oil markets, gasoline at a price that (1) is unconscionably excessive, and (2) indicates that the seller is taking unfair advantage of the crisis to increase prices unreasonably. The President may issue a proclamation of such a crisis that specifies the geographic area covered and how long the proclamation applies. The bill provides for enforcement by the Federal Trade Commission and imposes enhanced civil penalties and criminal fines. It also authorizes state attorneys general to bring a civil action to enforce the prohibitions of this bill.

Actions

2
Senate
INTRODUCED
INTRODUCED
Feb 9, 2023
ON FLOOR
REFERRED TO COMMITTEE
Version
Font size