Prohibiting Natural Gas Price Gouging After Disasters
This bill aims to protect citizens from unfair natural gas price increases by utility companies after a major disaster declaration. It means that during difficult times, when people need support the most, gas prices cannot be artificially inflated, safeguarding household budgets. Companies violating this prohibition may face significant financial penalties.
Key points
Gas Price Ban: Utility companies are prohibited from unfairly raising natural gas prices after a major disaster, such as a hurricane or earthquake.
Consumer Protection: The ban applies for the duration of the disaster and one year after its end, preventing exploitation of citizens' difficult situations.
High Penalties: Companies violating the rules may face fines up to 3 times their unfair profits or up to $100 million, and even up to $500 million in criminal penalties.
Enforcement: The Federal Trade Commission (FTC) and state attorneys general can prosecute companies for violations, increasing the likelihood of justice for citizens.
Expired
Additional Information
Print number: 118_HR_2596
Sponsor: Rep. Harder, Josh [D-CA-9]
Process start date: 2023-04-13