0
0
0
Price Gouging Prevention Act of 2024
6/12/2024, 10:56 AM
Summary of Bill S 3803
Bill 118 s 3803, also known as the Price Gouging Prevention Act of 2024, is a piece of legislation introduced in the US Congress aimed at preventing price gouging during times of crisis or emergency. The bill seeks to protect consumers from unfair and excessive price increases on essential goods and services, such as food, water, fuel, and medical supplies.
Under the Price Gouging Prevention Act of 2024, it would be illegal for businesses to significantly increase prices on essential goods and services during a declared state of emergency. The bill defines price gouging as any price increase that is grossly excessive, unjustified, and not related to increased costs of production or distribution.
The legislation also includes provisions for enforcement and penalties for businesses found to be engaging in price gouging. Violators could face fines, civil penalties, and even criminal charges in severe cases. Overall, the Price Gouging Prevention Act of 2024 aims to protect consumers from exploitation during times of crisis and ensure that essential goods and services remain affordable and accessible to all. The bill has garnered bipartisan support in Congress and is currently under review in committee for further consideration.
Under the Price Gouging Prevention Act of 2024, it would be illegal for businesses to significantly increase prices on essential goods and services during a declared state of emergency. The bill defines price gouging as any price increase that is grossly excessive, unjustified, and not related to increased costs of production or distribution.
The legislation also includes provisions for enforcement and penalties for businesses found to be engaging in price gouging. Violators could face fines, civil penalties, and even criminal charges in severe cases. Overall, the Price Gouging Prevention Act of 2024 aims to protect consumers from exploitation during times of crisis and ensure that essential goods and services remain affordable and accessible to all. The bill has garnered bipartisan support in Congress and is currently under review in committee for further consideration.
Read the Full Bill
Current Status of Bill S 3803
Bill S 3803 is currently in the status of Bill Introduced since February 26, 2024. Bill S 3803 was introduced during Congress 118 and was introduced to the Senate on February 26, 2024. Bill S 3803's most recent activity was Committee on Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. Hearings held. as of May 22, 2024
Bipartisan Support of Bill S 3803
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
18Democrat Cosponsors
16Republican Cosponsors
0Unaffiliated Cosponsors
2Policy Area and Potential Impact of Bill S 3803
Primary Policy Focus
CommerceAlternate Title(s) of Bill S 3803
Price Gouging Prevention Act of 2024
Price Gouging Prevention Act of 2024
A bill to make price gouging unlawful, to expand the ability of the Federal Trade Commission to seek permanent injunctions and equitable relief, and for other purposes.
A bill to make price gouging unlawful, to expand the ability of the Federal Trade Commission to seek permanent injunctions and equitable relief, and for other purposes.
Comments
Sponsors and Cosponsors of S 3803
Latest Bills
Making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2027, and for other purposes.
Bill HR 8469May 16, 2026
Commerce, Justice, Science, and Related Agencies Appropriations Act, 2027
Bill HR 8845May 16, 2026
LIFT Act
Bill HR 8864May 16, 2026
Creating Early Childhood Leaders Act
Bill HR 8859May 16, 2026
To amend title 5, United States Code, to add certain employees of the Bureau of Alcohol, Tobacco, Firearms and Explosives to the definition of employees in fire protection activities for the purpose of compensation for certain illnesses and diseases deemed to be proximately caused by employment in fire protection activities.
Bill HR 8863May 16, 2026
Expressing support for the designation of May 17, 2026, as "DIPG Awareness Day" to raise awareness and encourage research into cures for diffuse intrinsic pontine glioma (DIPG) and pediatric cancers in general.
Bill HRES 1295May 16, 2026
To amend title 18, United States, to include property damage in acts that constitute domestic terrorism, and for other purposes.
Bill HR 8843May 16, 2026
CRUISE Act
Bill HR 7083May 16, 2026
To allow Americans to sue federal officials for constitutional violations of voting rights and election law.
Bill HR 8858May 16, 2026
Supporting the goals and ideals of "National Charter Schools Week", to be observed from May 10 through May 16, 2026.
Bill HRES 1298May 16, 2026
Price Gouging Prevention Act of 2024
Bill HR 7390March 8, 2024