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HR 2460 110th Congress House Energy Commerce Consumer protection Crime and Law Enforcement Economics and Public Finance Energy assistance for the poor Energy demand Energy prices Energy shortages Fines (Penalties) Gasoline Government Operations and Politics Government trust funds Law Petroleum industry Presidential messages Profit Social Welfare

Federal Energy Price Protection Act

Introduced: May 23, 2007 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
Jul 24, 2007
Referred to the Subcommittee on Healthy Families and Communities.
May 23, 2007
Referred to the Subcommittee on Energy and Air Quality.
May 23, 2007
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and Labor, 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 23, 2007
Introduced in House
 Plain-English summary Congressional Research Service

Federal Energy Price Protection Act - Prohibits a supplier from increasing the price for crude oil, gasoline, or petroleum distillates by an unconscionable amount in an area during the period covered by a Presidential proclamation that an abnormal market disruption has occurred.

States that such prohibition does not apply to the extent that the price increase is substantially attributable to: (1) an increase in the wholesale cost of crude oil, gasoline, or petroleum distillates to a supplier; (2) an increase in the replacement costs for crude oil, gasoline, or petroleum distillate sold; (3) an increase in operational costs; or (4) local, regional, national, or international market conditions.

States that a violation of this Act shall: (1) be treated as a violation of a rule defining an unfair or deceptive act or practice of the Federal Trade Commission Act; and (2) be subject to civil and criminal penalties.

States that fines and penalties collected under this Act shall be deposited in the Consumer Relief Trust Fund to provide assistance under the Low Income Home Energy Assistance (LIHEAP) Program administered by the Secretary of Health and Human Services.

What's happening now July 24, 2007

Referred to the Subcommittee on Healthy Families and Communities.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Republican 2