Prohibiting Price Gouging on Emergency Supplies for Responders
This act aims to protect government agencies and non-profit organizations responding to emergencies from unfair price increases on essential supplies. It means that during a declared emergency, sellers cannot drastically raise prices on goods needed for health and safety, ensuring responders have access to critical resources.
Key points
The act prohibits sellers from increasing prices of emergency supplies by 10% or more above the average price from 30 days before an emergency declaration, unless justified by reasonable costs.
The Federal Trade Commission and State attorneys general can enforce these rules, imposing penalties and seeking damages for affected parties.
The regulations apply to goods and equipment essential for responders, such as hospitals and health agencies, during declared public health emergencies or disasters.
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