S. 2631 · 108th Congress
A bill to require the Federal Trade Commission to monitor and investigate gasoline prices under certain…
Full title
A bill to require the Federal Trade Commission to monitor and investigate gasoline prices under certain circumstances.
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BoxerSponsorNo cosponsors.
Requires the Federal Trade Commission to investigate the retail price of gasoline in a State to determine if it is being artificially manipulated if, based on weekly data published by the Energy Information Administration of the Department of Energy, the average price of regular grade gasoline has increased 20 percent or more for at least seven days during…
What it does: CRS summary · Introduced in Senate · Jul 8, 2004
Requires the Federal Trade Commission to investigate the retail price of gasoline in a State to determine if it is being artificially manipulated if, based on weekly data published by the Energy Information Administration of the Department of Energy, the average price of regular grade gasoline has increased 20 percent or more for at least seven days during any three-month period.
Requires the Commission to: (1) report investigation results to Congress; (2) present such results in a public hearing in the affected State; and (3) cooperate with the Attorney General of the affected State to take appropriate action if it finds market manipulation.
Instructs the Secretary of Energy, within two weeks of notification by the Commission that such increase in gasoline prices is not due to market manipulation, to decide if the Strategic Petroleum Reserve should be used to assure adequate supplies of gasoline.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to require the Federal Trade Commission to monitor and investigate gasoline prices under certain circumstances.
Latest action (Jul 9, 2004): Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 623.
Policy area: Energy · Origin: Senate · Introduced: Jul 8, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.