United States · Amendment · HAMDT

HAMDT 589 (109th)

An amendment in the nature of a substitute printed in House Report 109-245 to give explicit authority to the FTC to define price gouging; to preserve the FTC's existing civil penalty authority and authorize new civil penalties of up to three times the amount of unjust profits gained by companies who engage in price gouging; and to increase our nation's refinery capacity by establishing a federal Strategic Refinery Reserve which would build upon the success of the Strategic Petroleum Reserve (SPR) by creating a natural extension of the SPR--a refinery reserve.