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US HR7688

US HR7688
Consumer Fuel Price Gouging Prevention Act


summary

Introduced
05/06/2022
In Committee
05/06/2022
Crossed Over
05/19/2022
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

AN ACT To protect consumers from price-gouging of consumer fuels, and for other purposes.

AI Summary

This bill aims to protect consumers from price-gouging of consumer fuels during energy emergencies. It would make it unlawful for any person to sell consumer fuels, such as gasoline, heating oil, and biofuels, at unconscionably excessive prices that exploit the circumstances related to an energy emergency. The bill gives the Federal Trade Commission the authority to enforce this prohibition and allows state attorneys general to take enforcement action at the retail level. It also requires the Department of Energy to collect and publish detailed data on the U.S. crude oil and transportation fuel markets to promote transparency. Additionally, the bill increases penalties for market manipulation and false reporting related to transportation fuels under the Energy Independence and Security Act of 2007.

Committee Categories

Business and Industry

Sponsors (17)

Last Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 373. (on 05/19/2022)

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