S. 1717 · 109th Congress
Price Gouging bill
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DaytonSponsorNo cosponsors.
Oil and Gas Price Gouging Prevention Act of 2005 - States that it is unlawful during the period of a major disaster or emergency designated by the President to increase the price of any oil or gas product more than 15 percent above its price immediately prior to the declaration, unless such increase is attributable to additional costs incurred by either the…
What it does: CRS summary · Introduced in Senate · Sep 19, 2005
Oil and Gas Price Gouging Prevention Act of 2005 - States that it is unlawful during the period of a major disaster or emergency designated by the President to increase the price of any oil or gas product more than 15 percent above its price immediately prior to the declaration, unless such increase is attributable to additional costs incurred by either the seller or national or international market trends.
Instructs the Federal Trade Commission (FTC) to establish procedures to report violations of this Act, including links on its Internet website and a toll-free telephone number.
Subjects violations of this Act to maximum criminal penalties of $10 million if a corporation, or, if any other person, $350,000, or imprisonment, or both.
Authorizes the FTC to impose a maximum civil penalty of $5,000 for each such violation. States that each day of violation shall constitute a separate offense.
Authorizes state Attorneys General to bring a civil action for a violation of this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Oil and Gas Price Gouging Prevention Act of 2005
Latest action (Sep 19, 2005): Read twice and referred to the Committee on Commerce, Science, and Transportation.
Policy area: Commerce · Origin: Senate · Introduced: Sep 19, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
No recorded floor vote found.