H.R. 7277 · 116th Congress
Unconscionable Pricing Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SpeierSponsor7 cosponsors · 7 D
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill makes it unlawful for any person to sell, rent, or lease an emergency supply at an unconscionable price during a federally-declared emergency.
What it does: CRS summary · Introduced in House · Jun 18, 2020
Unconscionable Pricing Act
This bill makes it unlawful for any person to sell, rent, or lease an emergency supply at an unconscionable price during a federally-declared emergency. A price is unconscionable if (1) it exceeds 10% of the average price for the same or similar emergency supply during the 30 days before the emergency was declared, and (2) such price increase is not related to the reasonable costs incurred to sell or rent the supply.
The bill grants the Federal Trade Commission and state attorneys general the authority to enforce compliance with the requirements of this bill.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Unconscionable Pricing Act
Latest action (Jun 18, 2020): Referred to the House Committee on Energy and Commerce.
Policy area: Commerce · Origin: House · Introduced: Jun 18, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.