Bill > HR7390

This bill, the Price Gouging Prevention Act of 2024, aims to make price gouging unlawful and expand the ability of the Federal Trade Commission (FTC) to seek permanent injunctions and equitable relief. The key provisions include: (1) defining "price gouging" as selling or offering to sell a good or service at a "grossly excessive price" during an "exceptional market shock", with exceptions for small businesses and situations where increased costs are outside the seller's control; (2) establishing presumptive violations and allowing the FTC and state attorneys general to enforce the law; (3) requiring certain public companies to disclose pricing and cost information related to exceptional market shocks in their SEC filings; and (4) appropriating $1 billion to the FTC to carry out the provisions of the bill.