Fair and Transparent Gas Prices Act of 2022
Last action on Apr 7, 2022Read twice and referred to the Committee on Commerce, Sci...
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Summary
The Fair and Transparent Gas Prices Act of 2022 would direct the Federal Trade Commission (FTC) to conduct a comprehensive investigation into the pricing practices of oil and gas companies. The goal of this inquiry is to determine if market manipulation, price gouging, or lack of competition is contributing to high costs for consumers at the pump. By increasing federal oversight, the bill seeks to ensure that gasoline prices are determined by fair market forces rather than unfair business practices.
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