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Fair Gas Prices Act: Investigating Fuel Market Practices

This act aims to investigate why fuel prices are high and whether oil companies are acting fairly. The Federal Trade Commission will examine potential price gouging or other practices that inflate costs for drivers. The findings will inform future decisions that could lead to lower fuel prices.
Key points
The Federal Trade Commission will investigate if oil companies are artificially inflating fuel prices or restricting supply.
Reports from the study will be regularly submitted to Congress, with recommendations for legal changes to reduce consumer costs.
The Commission will receive additional resources and staff to effectively conduct this investigation.
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Expired
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Additional Information
Print number: 117_S_4048
Sponsor: Sen. Cortez Masto, Catherine [D-NV]
Process start date: 2022-04-07
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fair and Transparent Gas Prices Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4048.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-04-07.

What are the main provisions?

Key points include:

  • The Federal Trade Commission will investigate if oil companies are artificially inflating fuel prices or restricting supply.
  • Reports from the study will be regularly submitted to Congress, with recommendations for legal changes to reduce consumer costs.
  • The Commission will receive additional resources and staff to effectively conduct this investigation.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cortez Masto, Catherine [D-NV].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Courts and Law