DROP Act
Summary
H.R. 3637, the DROP Act, would direct the Federal Trade Commission (FTC) to create regulations that prevent companies from selling or leasing water rights at excessive prices during certain droughts. The bill aims to protect communities and agricultural users from price gouging by prohibiting entities from profiting off water scarcity through exploitative pricing. If enacted, the bill would provide a federal mechanism to monitor and penalize unfair trade practices related to the transfer of water rights during environmental emergencies.
AI-generated summary
Lifecycle of the Bill
Introduced in House
May 29, 2025
Introduced in House
May 29, 2025
Referred to the Committee on Agriculture, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 29, 2025
Referred to the Committee on Agriculture, and in addition to the Committee on Natural Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
May 29, 2025
