To prohibit price gouging as an unfair and deceptive act or practice during a major disaster or emergency, and for other purposes.

Bill 119 HR 2427, also known as the "Price Gouging Prohibition Act," aims to prevent price gouging during times of major disasters or emergencies. Price gouging is defined as the act of charging excessively high prices for goods or services that are in high demand during these critical times.

The bill seeks to prohibit price gouging as an unfair and deceptive practice, ensuring that consumers are not taken advantage of during times of crisis. It also aims to protect vulnerable populations who may be disproportionately affected by price increases during emergencies.

If passed, this legislation would establish penalties for those found guilty of price gouging, including fines and potential legal action. The bill also includes provisions for enforcement and reporting mechanisms to ensure compliance. Overall, the Price Gouging Prohibition Act is designed to protect consumers and promote fairness in the marketplace during times of disaster or emergency. It is an important step towards ensuring that individuals and communities are not exploited during times of crisis.