H.R. 2070
Federal Price Gouging Prevention Act of 2013
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Sponsor
Rep. Bishop, Timothy H. [D-NY-1]
Bill Details
- Update Date
- Nov 15, 2022
- Origin Chamber
- House
- Bill Type
- HR
- Bill Number
- 2,070
- Congress
- 113
- Introduced Date
- May 21, 2013
- Policy Area
- Energy
- Is Law
- No
Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Source: House committee actions
Referred to the House Committee on Energy and Commerce.
Source: House floor actions
Introduced in House
Source: Library of Congress
Introduced in House
Source: Library of Congress
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.
Energy and Commerce Committee
Introduced in House
May 21, 2013