summary
Introduced
04/03/2020
04/03/2020
In Committee
04/03/2020
04/03/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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.
AI Summary
This bill, the Price Gouging Prevention Act, aims to prohibit selling consumer goods at excessive prices during a federally-declared emergency. It makes it unlawful for sellers to sell consumer goods, such as food, water, medicine, and personal protective equipment, at a price more than 10% higher than the price charged by similarly-situated sellers in the 120 days before the emergency declaration. Exceptions are allowed if the price increase is directly attributable to additional costs incurred by the seller or if the total price, including the seller's markup, is not more than 10% greater than the pre-emergency price. The bill grants the Federal Trade Commission and state attorneys general the authority to enforce these requirements.
Committee Categories
Business and Industry
Sponsors (11)
Joe Neguse (D)*,
Lloyd Doggett (D),
Veronica Escobar (D),
Jahana Hayes (D),
Sheila Jackson-Lee (D),
Ted Lieu (D),
Grace Napolitano (D),
Eleanor Holmes Norton (D),
Jamie Raskin (D),
Bennie Thompson (D),
Frederica Wilson (D),
Last Action
Referred to the House Committee on Energy and Commerce. (on 04/03/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6450/all-info |
| BillText | https://www.congress.gov/116/bills/hr6450/BILLS-116hr6450ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr6450/BILLS-116hr6450ih.pdf.pdf |
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