Federal Price Gouging Prevention Act

Summary

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.

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Timeline

1. 9 February 2023

   Introduced

   Read twice and referred to the Committee on Commerce, Science, and Transportation.

   Source: IntroReferral

2. 9 February 2023

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 9 February 2023 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 February 2023

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 February 2023

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 9 February 2023

  Open at official source

Sponsors

• Tammy Duckworth · D · Sponsor
• Richard Blumenthal · D · Sponsor
• Patty Murray · D · Sponsor
• Elizabeth Warren · D · Sponsor
• · sscm00 · Standing

Related records

• related to ← Gas Price Gouging Prevention Act