Summary: H.R.5582 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5582. Bill summaries are authored by CRS.

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Introduced in House (09/11/1990)

National Emergency Anti-Profiteering Act of 1990 - Prohibits profiteering with respect to essential commodities following a presidential declaration of a national economic emergency. Establishes criminal penalties and civil remedies for such profiteering (including disgorgement of all profits earned).

Sets forth guidelines for the duration of a national economic emergency. Authorizes the Congress to terminate by passage of a joint resolution the designation of a national economic emergency or of the essential commodities with respect to which it exists. Provides for judicial review of the President's determination regarding either an emergency or essential commodities.