summary
Introduced
05/12/2022
05/12/2022
In Committee
05/12/2022
05/12/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To make price gouging unlawful, to expand the ability of the Federal Trade Commission to seek permanent injunc- tions and equitable relief, and for other purposes.
AI Summary
This bill, the Price Gouging Prevention Act of 2022, aims to make price gouging unlawful during exceptional market shocks, such as natural disasters or public health emergencies. The bill empowers the Federal Trade Commission (FTC) to enforce this prohibition, including through civil penalties. It also requires certain publicly traded companies to disclose information about their pricing strategies and cost changes in periods of exceptional market shocks. Additionally, the bill provides $1 billion in funding to the FTC to carry out its enforcement work under the Act.
Committee Categories
Transportation and Infrastructure
Sponsors (10)
Elizabeth Warren (D)*,
Tammy Baldwin (D),
Richard Blumenthal (D),
Bob Casey (D),
Tammy Duckworth (D),
Dianne Feinstein (D),
Ed Markey (D),
Jeff Merkley (D),
Bernie Sanders (I),
Sheldon Whitehouse (D),
Last Action
Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 05/12/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/4214/all-info | 05/13/2022 |
| BillText | https://www.congress.gov/117/bills/s4214/BILLS-117s4214is.pdf | 05/21/2022 |
| Bill | https://www.congress.gov/117/bills/s4214/BILLS-117s4214is.pdf.pdf | 05/21/2022 |
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