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wrote a post05/20/2022 15:29

House passes bill to crack down on gasoline ‘price gouging’

House passes bill to crack down on gasoline ‘price gouging’
A closely divided House approved legislation Thursday to crack down on alleged price gouging by oil companies and other energy producers as prices at the pump continue to soar.

A bill backed by House Democrats would give President Joe Biden authority to declare an energy emergency that would make it unlawful to increase gasoline and home energy fuel prices in an “excessive” or exploitative manner. The bill directs the Federal Trade Commission to punish companies that engage in price gouging and adds a new unit at the FTC to monitor fuel markets.

“At a time when people across the country are feeling the pinch at the gas pump, Congress needs to be doing all it can to bring down costs for American families,″ said Rep. Kim Schrier, D-Wash., who co-sponsored the bill.

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  • 102175775 : US sounds more n more like a communist state. just allow more oil production within US n oil prices wil come down. stop playing politics n all these green ideas. it takes time to replace oil. this admin is screwed big time by Russia, Saudi n China. the American general public suffer big time. anyway, this is the President u guys wanted. hv to live with it.

  • SatyrForest : What difference does that make when states like Michigan gouge with state tax

  • efficentupupOP 102175775: null

  • efficentupupOP SatyrForest: Cry