Unconscionable Pricing Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 2, 2021)
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 provides authority for the Federal Trade Commission and state attorneys general to enforce the requirements of this bill.
What just happenedFeb 3, 2021
Referred to the Subcommittee on Consumer Protection and Commerce.
Who’s behind it
- Introduced in HouseFeb 2, 2021
- Feb 3, 2021Committee
Referred to the Subcommittee on Consumer Protection and Commerce.
Innovation, Data, and Commerce Subcommittee - Feb 2, 2021IntroReferralH11100
Referred to the House Committee on Energy and Commerce.
Energy and Commerce Committee - Feb 2, 2021IntroReferralIntro-H
Introduced in House
- Feb 2, 2021IntroReferral1000
Introduced in House