Unconscionable Pricing Act This bill makes it unlawful for any person to sell, rent, or lease an emergency supply at an unconscionable price during a federally-declared emergency. A price is unconscionable if (1) it exceeds 10% of the average price for the same or similar emergency supply during the 30 days before the emergency was declared, and (2) such price increase is not related to the reasonable costs incurred to sell or rent the supply. The bill grants the Federal Trade Commission and state attorneys general the authority to enforce compliance with the requirements of this bill.
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Timeline
Introduced in House
Referred to the House Committee on Energy and Commerce.
Introduced in House
Referred to the House Committee on Energy and Commerce.
Commerce
Civil actions and liabilityConsumer affairsDisaster relief and insuranceEmergency medical services and trauma careInflation and pricesPublic contracts and procurementRetail and wholesale tradesState and local government operations
Unconscionable Pricing Act
USA116th CongressHR-7277| House
| Updated: 6/18/2020
Unconscionable Pricing Act This bill makes it unlawful for any person to sell, rent, or lease an emergency supply at an unconscionable price during a federally-declared emergency. A price is unconscionable if (1) it exceeds 10% of the average price for the same or similar emergency supply during the 30 days before the emergency was declared, and (2) such price increase is not related to the reasonable costs incurred to sell or rent the supply. The bill grants the Federal Trade Commission and state attorneys general the authority to enforce compliance with the requirements of this bill.
Civil actions and liabilityConsumer affairsDisaster relief and insuranceEmergency medical services and trauma careInflation and pricesPublic contracts and procurementRetail and wholesale tradesState and local government operations