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HR 7463 117th Congress House Commerce Civil actions and liability Consumer affairs Criminal investigation, prosecution, interrogation Energy prices Energy storage, supplies, demand Fraud offenses and financial crimes Motor fuels Oil and gas Presidents and presidential powers, Vice Presidents Retail and wholesale trades State and local government operations

Gas Price Gouging Prevention Act

Introduced: April 7, 2022 Introduced by: Harder, Josh Democratic · California See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 8, 2022
Referred to the Subcommittee on Consumer Protection and Commerce.
Apr 7, 2022
Referred to the House Committee on Energy and Commerce.
Apr 7, 2022
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now April 8, 2022

Referred to the Subcommittee on Consumer Protection and Commerce.

 Committees of jurisdiction 2