The bill is a companion to legislation from Rep. Joe Neguse, D-Colo., and would allow the FTC to enforce a price gouging ban.
Sen. Elizabeth Warren, D-Mass., introduced a bill Friday to crack down on price gouging during the coronavirus pandemic and other national emergencies. It's co-sponsored by Sen. Kamala Harris, D-Calif.
The bill is a companion to legislation from Reps. Joe Neguse, D-Colo., and Ted Lieu, D-Calif., and would allow the FTC to enforce a price gouging ban. It would let the FTC to consider price increases over 10% during a national emergency to be price gouging. Democratic presidential candidate Sen. Elizabeth Warren speaks during a town hall event at Weeks Middle School on January 19, 2020 in Des Moines, Iowa.Sen. Elizabeth Warren, D-Mass., introduced a bill Friday that would prohibit price gouging during national emergencies, including the Covid-19 pandemic.
Under the Price Gouging Prevention Act, the FTC would be empowered to enforce a ban on excessive price increases of consumer goods during national emergencies. It would have to consider any price increase above 10% to be price gouging during such a declaration. The House bill was crafted based on aIt would allow states to enforce the ban alongside the FTC but would not prevent states from enacting their own laws around price gouging.introduced last week by Rep. Joe Neguse, D-Colo.
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