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Federal Price Gouging Prevention Act

USA118th CongressS-355| Senate 
| Updated: 2/9/2023
Tammy Duckworth

Tammy Duckworth

Democratic Senator

Illinois

Cosponsors (3)
Elizabeth Warren (Democratic)Patty Murray (Democratic)Richard Blumenthal (Democratic)

Commerce, Science, and Transportation Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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
Feb 9, 2023
Introduced in Senate
Feb 9, 2023
Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • February 9, 2023
    Introduced in Senate


  • February 9, 2023
    Read twice and referred to the Committee on Commerce, Science, and Transportation.

Commerce

Federal Price Gouging Prevention Act

USA118th CongressS-355| Senate 
| Updated: 2/9/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 9, 2023
Introduced in Senate
Feb 9, 2023
Read twice and referred to the Committee on Commerce, Science, and Transportation.
  • February 9, 2023
    Introduced in Senate


  • February 9, 2023
    Read twice and referred to the Committee on Commerce, Science, and Transportation.
Tammy Duckworth

Tammy Duckworth

Democratic Senator

Illinois

Cosponsors (3)
Elizabeth Warren (Democratic)Patty Murray (Democratic)Richard Blumenthal (Democratic)

Commerce, Science, and Transportation Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted