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Task Force Established to Combat Price Gouging and Food Price Manipulation

This Act establishes a specialized task force, including representatives from the DOJ, FTC, and USDA, dedicated to fighting unfair business practices and price manipulation, particularly in the food sector. The goal is to reduce costs for families by strengthening competition and preventing excessive pricing throughout the supply chain. The task force will regularly report to Congress on its findings and legislative recommendations.
Key points
Creation of an interagency task force to investigate and combat unfair practices that increase prices for consumers.
Specific focus on the food sector: measures aim to prevent monopolies and price manipulation across the entire supply chain.
Mandatory regular reports to Congress analyzing production costs and the impact of government spending on food prices.
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Additional Information
Print number: 118_HR_8493
Sponsor: Rep. Craig, Angie [D-MN-2]
Process start date: 2024-05-22