To make it an unfair practice for any retailer to increase the price of certain consumer commodities once he marks the price on any such consumer commodity, and to permit the Federal Trade Commission to order any such retailer to refund any amounts of money obtained by so increasing the price of such consumer commodity.

Summary

Amends the Federal Trade Commission Act to make it an unfair practice for any retailer who has the authority to price a consumer commodity to increase the price once a price is affixed to the commodity. Authorizes the Federal Trade Commission to: (1) issue regulations requiring retailers to establish a system to audit the prices at which commodities are first offered for sale and the prices at which commodities are sold; and (2) order restitution for violations.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

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• Introduced in House

  summary · EN · 3 January 1989

  Open at official source

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