S 3803
Price Gouging Prevention Act of 2024
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Price Gouging Prevention Act of 2024 aims to make it illegal to sell goods or services at grossly excessive prices during times of exceptional market shocks, such as natural disasters or emergencies. It expands the FTC’s ability to seek permanent injunctions and penalties, requires disclosures in SEC filings regarding pricing strategies, and establishes a funding mechanism for the FTC. The bill includes an affirmative defense for sellers who can demonstrate that price increases are due to unavoidable costs, and it defines ‘unfair leverage’ to target potentially exploitative practices.
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Primary sponsor
Cosponsors
Debbie Stabenow
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