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Oil Price Oversight: Investigating Market Manipulation in Oil and Gas Industry

This act requires the Federal Trade Commission to investigate whether market manipulation or false information reporting occurs in the oil and gas industry. The goal is to ensure fair fuel prices for citizens by identifying and eliminating unfair practices. Citizens can expect greater transparency in the fuel market.
Key points
The Federal Trade Commission will investigate whether oil and gas companies manipulate prices or provide false data.
A report on the investigation's findings will be submitted to Congress, potentially leading to enforcement actions and penalties.
The aim is to protect consumers from inflated fuel prices by ensuring fair competition.
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Expired
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Additional Information
Print number: 117_S_4049
Sponsor: Sen. Hassan, Margaret Wood [D-NH]
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

Oversight to Lower Oil Prices Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4049.

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 whether oil and gas companies manipulate prices or provide false data.
  • A report on the investigation's findings will be submitted to Congress, potentially leading to enforcement actions and penalties.
  • The aim is to protect consumers from inflated fuel prices by ensuring fair competition.
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. Hassan, Margaret Wood [D-NH].

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