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Unconscionable Pricing Act

USA116th CongressHR-7277| House 
| Updated: 6/18/2020
Jackie Speier

Jackie Speier

Democratic Representative

California

Cosponsors (7)
Sheila Jackson Lee (Democratic)Steve Cohen (Democratic)André Carson (Democratic)Mary Gay Scanlon (Democratic)Bennie G. Thompson (Democratic)Grace Meng (Democratic)Judy Chu (Democratic)

Energy and Commerce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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
Jun 18, 2020
Introduced in House
Jun 18, 2020
Referred to the House Committee on Energy and Commerce.
  • June 18, 2020
    Introduced in House


  • June 18, 2020
    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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 18, 2020
Introduced in House
Jun 18, 2020
Referred to the House Committee on Energy and Commerce.
  • June 18, 2020
    Introduced in House


  • June 18, 2020
    Referred to the House Committee on Energy and Commerce.
Jackie Speier

Jackie Speier

Democratic Representative

California

Cosponsors (7)
Sheila Jackson Lee (Democratic)Steve Cohen (Democratic)André Carson (Democratic)Mary Gay Scanlon (Democratic)Bennie G. Thompson (Democratic)Grace Meng (Democratic)Judy Chu (Democratic)

Energy and Commerce Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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