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H.R. 2070

Federal Price Gouging Prevention Act of 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.

Referred to the Subcommittee on Commerce, Manufacturing, and Trade.

Rep. Bishop, Timothy H. [D-NY-1](D-NY)Sponsor
16 cosponsors16 D
16cosponsors1committees4actions6subjects
  • Introduced in HouseMay 21, 2013
  1. Committee

    Referred to the Subcommittee on Commerce, Manufacturing, and Trade.

  2. IntroReferralH11100

    Referred to the House Committee on Energy and Commerce.

  3. IntroReferralIntro-H

    Introduced in House

  4. IntroReferral1000

    Introduced in House

Federal Price Gouging Prevention Act of 2013 — Informed