arrow_back Back to App

Cracking Down on Price Gouging: New Consumer Protection Rules

This act introduces stricter penalties for price gouging on essential goods and services during crises like natural disasters or pandemics. It aims to protect citizens from unfair trade practices and ensure access to necessary products at fair prices.
Key points
Increased financial penalties for price gouging, up to 300% of revenue or $20,000.
Defines what constitutes an "unfairly excessive price," including a 10% increase from pre-crisis prices.
Identifies "critical goods" as food, medical supplies, energy, and other essential products.
Includes exceptions for legitimate business needs or additional costs beyond the seller's control.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4720
Sponsor: Rep. Riley, Josh [D-NY-19]
Process start date: 2025-07-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Cracking Down on Price Gouging Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4720.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-07-23.

What are the main provisions?

Key points include:

  • Increased financial penalties for price gouging, up to 300% of revenue or $20,000.
  • Defines what constitutes an "unfairly excessive price," including a 10% increase from pre-crisis prices.
  • Identifies "critical goods" as food, medical supplies, energy, and other essential products.
  • Includes exceptions for legitimate business needs or additional costs beyond the seller's control.
What is the specific legal status?

The current status is Introduced.

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 Rep. Riley, Josh [D-NY-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Courts and Law