Windfall Profits Prevention Act

Summary

Windfall Profits Prevention Act - Provides that any interested person who has reason to believe that any price of consumer commodities or food permits the retailer thereof windfall profits may petition the Attorney General for a determination of the issue. Provides that, if the Attorney General finds that such a price results in windfall profits, he may specify a lower price for the item which may not be raised without his approval. Permits the Attorney General to order the refund of windfall profits received after a hearing of the retailer. States that any determination under this Act shall be subject to judicial review. States that any willful violation of a determination by the Attorney General under this Act shall be punished by a fine not to exceed $10,000,

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1 official file

• Introduced in House

  summary · EN · 3 October 1974

  Open at official source

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