Gas Price Gouging Prevention Act
Last action on Mar 24, 2022Read twice and referred to the Committee on Commerce, Sci...
Take Action
Summary
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.
Lifecycle of the Bill
No events recorded for this stage yet.
