Price Gouging bill

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Federal Energy Price Protection Act of 2006 - Declares that it shall be an unfair or deceptive act or practice in violation of the Federal Trade Commission Act for any person to sell crude oil, gasoline, diesel fuel, home heating oil, or any biofuel at a price that constitutes price gouging.

Defines "biofuel" as any fuel containing specified organic matter

Instructs the Federal Trade Commission (FTC) to promulgate enforcement rules within six months after enactment of this Act.

Grants enforcement authority exclusively to: (1) the FTC; (2) the Attorney General of the United States; and (3) state attorneys general.

Prescribes guidelines for enforcement of civil actions by state attorneys general, including injunctions, compliance enforcement and civil penalties.

Preempts state enforcement action while federal action is pending.

Prescribes civil and criminal penalties for violations of this Act.

Restricts enforcement of criminal penalties to a criminal action brought by the Attorney General or other officer of the Department of Justice, or any attorney specially appointed by the Attorney General.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov