summary
Introduced
06/01/2020
06/01/2020
In Committee
06/01/2020
06/01/2020
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 public health emergency at an excessive or opportunistic price. Specifically, consumer goods include those deemed vital and necessary by public health officials for the health, safety, and welfare of consumers during an emergency or disaster (e.g., food, water, medications, and personal protective equipment). The price of these goods is presumptively excessive or oppressive during such an emergency or disaster if the sale price exceeds by more than 10% the average price of such good during the 120-day period preceding the emergency or disaster.
AI Summary
This bill, the Price Gouging Prevention Act, makes it unlawful for any person to sell or offer to sell a consumer good at an excessive or opportunistic price during a public health emergency or declared national/state emergency. It establishes a presumption that a price is excessive if it exceeds the average price during the 120-day period prior to the emergency by more than 10%, unless the seller can demonstrate the increase is directly attributable to additional costs incurred. The bill authorizes the Federal Trade Commission to enforce these provisions as unfair or deceptive acts or practices, and also allows state attorneys general to bring civil actions to enjoin violations, enforce compliance, and obtain penalties, damages, or restitution.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 06/01/2020)
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/senate-bill/3853/all-info |
| BillText | https://www.congress.gov/116/bills/s3853/BILLS-116s3853is.pdf |
| Bill | https://www.congress.gov/116/bills/s3853/BILLS-116s3853is.pdf.pdf |
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