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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.
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Status: Introduced
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Additional Information
Print number: 119_HR_4720
Sponsor: Rep. Riley, Josh [D-NY-19]
Process start date: 2025-07-23
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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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.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Courts and Law