All Information (Except Text) for S.1735 - Energy Emergency Consumer Protection Act of 2005109th Congress (2005-2006)
|Sponsor:||Sen. Cantwell, Maria [D-WA] (Introduced 09/20/2005)|
|Committees:||Senate - Commerce, Science, and Transportation|
|Latest Action:||Senate - 09/20/2005 Read twice and referred to the Committee on Commerce, Science, and Transportation. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Price Gouging bill (Identified by CRS)
Short Titles - Senate
Short Titles as Introduced
Energy Emergency Consumer Protection Act of 2005
Actions Overview (1)
|09/20/2005||Introduced in Senate|
09/20/2005 Introduced in Senate
All Actions (2)
|09/20/2005||Read twice and referred to the Committee on Commerce, Science, and Transportation.|
Action By: Senate
|09/20/2005||Sponsor introductory remarks on measure. (CR S10238-10239)|
Action By: Senate
09/20/2005 Read twice and referred to the Committee on Commerce, Science, and Transportation.
09/20/2005 Sponsor introductory remarks on measure. (CR S10238-10239)
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Commerce, Science, and Transportation||09/20/2005||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
- Administrative procedure
- Alternative energy sources
- Automobile industry
- Civil actions and liability
- Climate change and greenhouse gases
- Coastal zone
- Congressional investigations
- Congressional reporting requirements
- Consumer education
- Economic impact statements
- Economic statistics
- Electronic government information
- Energy prices
- Energy security
- Energy supplies
- Federal Trade Commission
- Fines (Penalties)
- Government publicity
- Governmental investigations
- Gulf of Mexico
- Hurricane aftermath legislation
- Independent regulatory commissions
- Marine and coastal resources, fisheries
- Market manipulation
- Parties to actions
- Petroleum industry
- Restrictive trade practices
- Retail trade
- Service stations
- Technological innovations
- War and emergency powers
- Wholesale trade
Latest Summary (1)
Introduced in Senate (09/20/2005)
Energy Emergency Consumer Protection Act of 2005 - States that during any presidentially-declared energy emergency it is unlawful to sell crude oil, gasoline, or petroleum distillates in, or for use in, the area involved at a price that: (1) is unconscionably excessive; or (2) indicates the seller is taking unfair advantage of the circumstances to increase prices unreasonably.
Makes it unlawful to: (1) report to the Federal Trade Commission (FTC) false or misleading data and information regarding the wholesale price of crude oil, gasoline, or petroleum distillates; or (2) use or employ, in connection with the purchase or sale of crude oil, gasoline, or petroleum distillates at wholesale, any manipulative or deceptive device or contrivance, in contravention of FTC-prescribed rules and regulations.
Authorizes the President to declare a federal energy emergency if the health, safety, welfare, or economic well-being of American citizens is at risk because there exists either: (1) an actual or imminent shortage of adequate supplies of crude oil, gasoline, or petroleum distillates due to a disruption in the national distribution system; or (2) significant pricing anomalies in national energy markets for such products.
Empowers the FTC and state attorneys general to enforce this Act.
Prescribes maximum civil and criminal penalties for violations of this Act.
Instructs the FTC to: (1) facilitate price transparency in wholesale crude oil and petroleum product markets; and (2) conclude a memorandum of understanding with the Commodity Futures Trading Commission and other appropriate agencies relating to information sharing.
Instructs the Comptroller General to investigate periodically the extent to which major oil companies and automobile manufacturers have invested in alternative fuels production, infrastructure, and technology development.
Directs the National Academy of Sciences to review expenditures and activities by major U.S. companies to protect the energy supply system from terrorist attacks, international supply disruptions, and natural disasters, and ensure a stable and reasonably priced supply of such products to consumers.