Federal Price Gouging Prevention Act of 2013
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 21, 2013)
Federal Price Gouging Prevention Act of 2013 - Makes it unlawful for any person, during a proclaimed international crisis affecting the oil market, to sell gasoline or any other petroleum distillate at a price that: (1) is unconscionably excessive, and (2) indicates the seller is taking unfair advantage of the circumstances of the crisis to increase prices unreasonably.
Authorizes the President to issue such a proclamation citing the geographic area, gasoline or other petroleum distillate, and time period (not to exceed 30 consecutive days) covered. Permits such a proclamation to be renewed as the President determines appropriate and to include a period of up to one week preceding a reasonably foreseeable emergency.
Sets forth factors to be considered in determining if a violation of this Act has occurred. Requires the Federal Trade Commission (FTC) to enforce a violation of this Act as an unfair or deceptive act or practice and to give priority to enforcement actions concerning companies with U.S. sales over $10 billion per year. Prescribes civil and criminal penalties for violations, but limits the criminal penalty to criminal actions brought by the Department of Justice (DOJ).
Authorizes a state to bring a civil action to enforce this Act.
Declares that nothing in this Act preempts any state law.
What just happenedMay 24, 2013
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Who’s behind it
- Introduced in HouseMay 21, 2013
- May 24, 2013Committee
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
- May 21, 2013IntroReferralH11100
Referred to the House Committee on Energy and Commerce.
- May 21, 2013IntroReferralIntro-H
Introduced in House
- May 21, 2013IntroReferral1000
Introduced in House