Gas Price Gouging Prevention Act during Crises
This act aims to protect consumers from unfair price gouging of gasoline and other fuels during international crises affecting oil markets. The President can declare an emergency, allowing prosecution of companies selling fuel at unconscionably excessive prices. Citizens can expect protection against price speculation during difficult times.
Key points
Prohibits unfair price gouging of gasoline and other petroleum distillates during declared international crises.
The U.S. President can declare an emergency, specifying the affected area and duration of the prohibition.
Companies violating the act face significant civil penalties (up to 3 times profits or $100 million) and criminal penalties (up to $500 million).
The Federal Trade Commission (FTC) and State attorneys general can enforce the act, enhancing consumer protection.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.