Bill > S3803

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. It defines key terms such as "critical trading partner," "exceptional market shock," and "unfair leverage." The bill prohibits the sale or offering of goods or services at a "grossly excessive price," with an affirmative defense for small businesses and those who can demonstrate increased costs. The FTC is granted enforcement powers, including the ability to impose civil penalties, and state attorneys general can also bring civil actions. The bill also requires certain disclosures in SEC filings by issuers during "covered quarters" with exceptional market shocks. Additionally, the bill appropriates $1 billion to the FTC for carrying out this work.