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Unconscionable Pricing Act
2/8/2022, 11:16 PM
Congressional Summary of HR 7277
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.
Read the Full Bill
Current Status of Bill HR 7277
Bill HR 7277 is currently in the status of Bill Introduced since June 18, 2020. Bill HR 7277 was introduced during Congress 116 and was introduced to the House on June 18, 2020. Bill HR 7277's most recent activity was Referred to the House Committee on Energy and Commerce. as of June 18, 2020
Bipartisan Support of Bill HR 7277
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
7Democrat Cosponsors
7Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7277
Primary Policy Focus
CommercePotential Impact Areas
- Civil actions and liability
- Consumer affairs
- Disaster relief and insurance
- Emergency medical services and trauma care
- Inflation and prices
- Public contracts and procurement
- Retail and wholesale trades
- State and local government operations
Alternate Title(s) of Bill HR 7277
Unconscionable Pricing Act
To prohibit unconscionable pricing of emergency supplies for responders during a Federal emergency period, and for other purposes.
Unconscionable Pricing Act
Comments
Sponsors and Cosponsors of HR 7277
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