Prohibiting Reprehensible Increases in Costs of Essentials (PRICE) Act of 2005

Summary

Prohibiting Reprehensible Increases in Costs of Essentials (PRICE) Act of 2005 - Amends the federal criminal code to prohibit price gouging in a time and place of disaster (as declared by the President or the chief executive of a state). Defines "price gouging" as charging a grossly disproportionate price (25 percent higher than the average price during the 30 days immediately prior to the declared emergency). Makes it a defense to such a prosecution that the increase in the amount charged is attributable to: (1) additional costs incurred in connection with the rental or sale of the commodity or rental or lease of any dwelling unit or self-storage facility; or (2) national or international market trends.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 September 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 15 September 2005

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• Introduced in House

  summary · EN · 15 September 2005

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