Gas Price Gouging Prevention Act During Crises
This act aims to protect drivers and other consumers from unfairly high fuel prices, like gasoline, during international crises affecting the oil market. It allows the federal government and state attorneys general to prosecute companies that excessively raise prices by taking unfair advantage of the situation.
Key points
Prohibits unfairly high fuel prices during crises declared by the President.
Federal government and states can prosecute companies for excessively high prices.
Companies violating the law face potentially large financial penalties.
Status:
Expired
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