US HB964 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 44-0)
Status: Introduced on March 9 2011 - 25% progression, died in committee
Action: 2011-03-14 - Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Pending: House Subcommittee on Commerce, Manufacturing, and Trade Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 9 2011 - 25% progression, died in committee
Action: 2011-03-14 - Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Pending: House Subcommittee on Commerce, Manufacturing, and Trade Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Federal Price Gouging Prevention Act - Makes it unlawful for any person, during a proclaimed international crisis affecting the oil market, to sell gasoline or any other petroleum distillate at a price that: (1) is unconscionably excessive; and (2) indicates the seller is taking unfair advantage of the circumstances of the crisis to increase prices unreasonably. Authorizes the President to issue such a proclamation citing the geographic area, gasoline or other petroleum distillate, and time period (not to exceed 30 consecutive days) covered. Permits such a proclamation to be renewed as the President determines appropriate and to include a period of up to one week preceding a reasonably foreseeable emergency. Sets forth factors to be considered in determining if a violation of this Act has occurred. Requires the Federal Trade Commission (FTC) to enforce a violation of this Act as an unfair or deceptive act or practice and to give priority to enforcement actions concerning companies with U.S. sales over $10 billion per year. Prescribes civil and criminal penalties for violations, but limits the criminal penalty to criminal actions brought by the Department of Justice (DOJ). Authorizes a state to bring a civil action to enforce this Act. Declares that nothing in this Act preempts any state law.
Title
Federal Price Gouging Prevention Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2011-03-14 | House | Referred to the Subcommittee on Commerce, Manufacturing, and Trade. |
2011-03-09 | House | Referred to the House Committee on Energy and Commerce. |
Subjects
Civil actions and liability
Consumer affairs
Energy
Energy prices
Government trust funds
Oil and gas
War and emergency powers
Consumer affairs
Energy
Energy prices
Government trust funds
Oil and gas
War and emergency powers
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/964/all-info |
Text | https://www.congress.gov/112/bills/hr964/BILLS-112hr964ih.pdf |