Unconscionable Pricing Act
- Last Action
- 2/3/2021
Actions
- 2021-02-03Referred to the Subcommittee on Consumer Protection and Commerce.
- 2021-02-02Referred to the House Committee on Energy and Commerce.
- 2021-02-02Introduced in House
- 2021-02-02Introduced in House
CRS Summary
As of 2021-02-02 (00)
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 provides authority for the Federal Trade Commission and state attorneys general to enforce the requirements of this bill.
Subjects
- Civil actions and liability
- Consumer affairs
- Disaster relief and insurance
- Emergency medical services and trauma care
- Inflation and prices
- Public contracts and procurement
- Retail and wholesale trades
- State and local government operations
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.