Protecting Against Price Gouging During Crises and Disasters
This act aims to protect citizens from unfair price increases on essential goods and services during natural disasters, pandemics, or states of emergency. It empowers the Federal Trade Commission to prosecute sellers who drastically raise prices, ensuring access to necessary products during difficult times.
Key points
Price Gouging Ban: Sellers are prohibited from selling essential goods and services at unconscionably excessive prices during crises.
FTC Empowerment: The Federal Trade Commission gains new powers to prosecute unfair pricing practices, including against common carriers and non-profit organizations.
Reporting Hotline: A telephone and online hotline will be established for the public to report price gouging complaints, active during and after a crisis.
State Law Preservation: This act does not override existing state laws on price gouging, providing additional protection for citizens.
Expired
Additional Information
Print number: 117_S_3839
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2022-03-15