HR 6450 116th Congress House Commerce Civil actions and liability Consumer affairs Disaster relief and insurance Emergency medical services and trauma care Inflation and prices Retail and wholesale trades State and local government operations

Price Gouging Prevention Act

Introduced: April 3, 2020 Introduced by: Neguse, Joe Democratic · Colorado See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 3, 2020

Referred to the House Committee on Energy and Commerce.

Apr 3, 2020

Introduced in House

Plain-English summary Congressional Research Service

Price Gouging Prevention Act

This bill makes it unlawful for any person to sell, or offer for sale, a consumer good during a federally-declared emergency at a price that (1) exceeds 10% of the price charged by similarly-situated sellers of such good during the 120 days before the emergency was declared. However, such a price increase may not be a violation if the increase is (1) attributable to additional costs incurred by the seller to provide the consumer good, or (2) is not more than 10% greater than a combination of the total cost incurred by the seller and the customary price markup of the good.

The bill grants the Federal Trade Commission and state attorneys general the authority to enforce compliance with the requirements of this bill.

What's happening now April 3, 2020

Referred to the House Committee on Energy and Commerce.

Committees of jurisdiction 1