Bill > HR7463

This bill, the Gas Price Gouging Prevention Act, aims to protect consumers from excessive and unfair pricing of gasoline and other petroleum distillates during international crises affecting oil markets. The key provisions include: 1) Prohibiting the sale of these products at "unconscionably excessive" prices that indicate the seller is taking unfair advantage of the crisis, 2) Allowing the President to issue a temporary emergency proclamation designating areas and products covered by the price gouging prohibition, 3) Authorizing the Federal Trade Commission to enforce violations as unfair or deceptive practices, with civil penalties up to 3 times the profits gained or $100 million, and 4) Permitting state attorneys general to bring civil actions to enforce the law at the retail level. The bill does not preempt state laws and preserves the FTC's other enforcement authorities.

Business and Industry

https://www.congress.gov/bill/117th-congress/house-bill/7463/all-info