US HB2070 | 2013-2014 | 113th Congress

Status

Spectrum: Partisan Bill (Democrat 17-0)
Status: Introduced on May 21 2013 - 25% progression, died in committee
Action: 2013-05-24 - Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Pending: House Subcommittee on Commerce, Manufacturing, and Trade Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Federal Price Gouging Prevention Act of 2013

Sponsors


History

DateChamberAction
2013-05-24HouseReferred to the Subcommittee on Commerce, Manufacturing, and Trade.
2013-05-21HouseReferred to the House Committee on Energy and Commerce.

Subjects


US Congress State Sources


Bill Comments

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