A bill to protect consumers from price-gouging of gasoline and other fuels, and for other purposes.
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.
Introduced in Senate
Read twice and referred to the Committee on Commerce, Science, and Transportation.
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