Commerce, Manufacturing, and Trade Subcommittee, Energy and Commerce Committee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
Gas Price Gouging Prevention Act This bill prohibits any person from selling, during a proclaimed 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.
Civil actions and liabilityConsumer affairsCriminal investigation, prosecution, interrogationEnergy pricesEnergy storage, supplies, demandFraud offenses and financial crimesMotor fuelsOil and gasPresidents and presidential powers, Vice PresidentsRetail and wholesale tradesState and local government operations
Gas Price Gouging Prevention Act
USA117th CongressHR-7463| House
| Updated: 4/8/2022
Gas Price Gouging Prevention Act This bill prohibits any person from selling, during a proclaimed 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.
Civil actions and liabilityConsumer affairsCriminal investigation, prosecution, interrogationEnergy pricesEnergy storage, supplies, demandFraud offenses and financial crimesMotor fuelsOil and gasPresidents and presidential powers, Vice PresidentsRetail and wholesale tradesState and local government operations