H.R.6346 - Federal Price Gouging Prevention Act

To protect consumers from price-gouging of gasoline and other fuels, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Federal Price Gouging Prevention Act as introduced.
  • Official: To protect consumers from price-gouging of gasoline and other fuels, and for other purposes. as introduced.

Bill’s Views

  • Today: 1
  • Past Seven Days: 2
  • All-Time: 3,393
 
Introduced
 

House
Defeats
 
Senate
Passes
 
President
Signs
 

 
06/23/08
 
06/24/08
 
 
 
 
 

 

Latest Vote

Result: Failed - June 24, 2008

Roll call number 448 in the House

Question: On Motion to Suspend the Rules and Pass, as Amended: H R 6346 Federal Price Gouging Prevention Act

 

Official Summary

Federal Price Gouging Prevention Act - Makes it unlawful, during a period proclaimed by the President as an energy emergency, to sell gasoline or any other petroleum distillate at a price that: (1) is unconscionably excessive; or (2) indicates the seller is taking unfair advantage of the ci

Official Summary

Federal Price Gouging Prevention Act - Makes it unlawful, during a period proclaimed by the President as an energy emergency, to sell gasoline or any other petroleum distillate at a price that:
(1) is unconscionably excessive; or
(2) indicates the seller is taking unfair advantage of the circumstances of an emergency to increase prices unreasonably. Authorizes the President to issue an energy emergency proclamation of up to 30 days, with renewals allowed, and to cite the geographic area, gasoline or other petroleum distillate, and time period covered. Authorizes a proclamation to include a period of up to one week preceding a reasonably foreseeable emergency. Exempts from this Act a sale of gasoline or other petroleum distillate transaction on a futures market. Empowers the Federal Trade Commission (FTC) and state attorneys general to enforce this Act and provides for civil and criminal penalties, limiting the criminal penalty to criminal actions brought by the Department of Justice (DOJ). Allows a state to bring a civil action to enforce this Act or to impose civil penalties. Requires deposit of fines and penalties collected under this Act in a separate Consumer Relief Trust Fund fund in the Treasury to provide assistance under the Low Income Home Energy Assistance (LIHEAP) Program. Declares that nothing in this Act preempts state law.

...Read the Rest




Vote on This Bill

0% Users Support Bill

0 in favor / 2 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC