HR 6318
No gouge act
No Gouge Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The No Gouge Act aims to prevent businesses from excessively raising prices on goods subject to tariffs. It prohibits sellers from charging unreasonably high prices during a five-year period following the implementation of a tariff, focusing on whether price increases exceed the costs associated with the tariff. The bill also establishes a process for reporting potential violations and requires reports from the International Trade Commission and the Bureau of Labor Statistics to assess the impact of tariffs on consumer prices. A key provision exempts companies with less than $100 million in annual revenue. Finally, it allows states to take legal action against companies engaging in price gouging related to tariffs.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.