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HR 4114 109th Congress House Energy Administrative procedure Commerce Crime and Law Enforcement Diesel motor Energy prices Energy supplies Federal Trade Commission Fines (Penalties) Gas industry Gasoline Government Operations and Politics Independent regulatory commissions Law Natural gas Petroleum Petroleum industry Petroleum refineries Profit Restrictive trade practices

Energy Price Discipline Act of 2005

Introduced: October 20, 2005 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 4, 2005
Referred to the Subcommittee on Energy and Air Quality.
Oct 20, 2005
Referred to the House Committee on Energy and Commerce.
Oct 20, 2005
Sponsor introductory remarks on measure. (CR E2147-2148)
Oct 20, 2005
Introduced in House
 Plain-English summary Congressional Research Service

Energy Price Discipline Act of 2005 - Declares it is unlawful for any entity engaged in the petroleum or gasoline business to sell crude oil, gasoline, diesel fuel, natural gas, or petroleum distillates at an unjust or unreasonable price.

Directs the Federal Trade Commission (FTC) to promulgate rules to enforce this Act, and to establish what constitutes an unjust or unreasonable price, taking the following factors into consideration: (1) the relation of the price to the prevailing price of that commodity in the market in the same geographic region during the previous 12-month period; (2) shipping, manufacturing, or other costs to the entity; (3) whether there has been a national or regional disruption in the supply of the commodity; and (4) whether there is any indication of the entity taking unfair advantage of any circumstances.

Prescribes FTC enforcement guidelines, including civil and criminal penalties.

What's happening now November 4, 2005

Referred to the Subcommittee on Energy and Air Quality.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1