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Energy Consumer Protection: New Penalties for Market Fraud

This act strengthens energy consumer protection by introducing stricter penalties for companies and individuals who manipulate the electricity and natural gas markets. It aims to ensure fair prices and stable supplies, protecting citizens from unfair practices.
Key points
Introduces prohibitions or suspensions for entities manipulating electricity prices and transmission services.
Prohibits intentionally reporting false information regarding natural gas prices and transportation, preventing fraud.
Empowers the Federal Energy Regulatory Commission to exclude dishonest entities from the market, enhancing energy security.
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Additional Information
Print number: 117_HR_8578
Sponsor: Rep. Schakowsky, Janice D. [D-IL-9]
Process start date: 2022-07-28