S.1744 - Price Gouging Act of 2005109th Congress (2005-2006)
|Sponsor:||Sen. Nelson, Bill [D-FL] (Introduced 09/21/2005)|
|Committees:||Senate - Commerce, Science, and Transportation|
|Latest Action:||09/21/2005 Read twice and referred to the Committee on Commerce, Science, and Transportation.|
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Summary: S.1744 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in Senate (09/21/2005)
Price Gouging Act of 2005 - Amends the Federal Trade Commission Act to direct the Federal Trade Commission to: (1) consult with certain senior law enforcement officials following the declaration of a major disaster by the President in order to determine whether any supplier is charging unconscionably excessive prices for gasoline or diesel fuel in the affected area; (2) establish a toll-free hotline to receive consumer reports of price gouging in the affected area; and (3) establish a program to develop and distribute public informational materials in English and Spanish to assist residents of the affected area in detecting and avoiding price gouging.
Prohibits unconscionably excessive prices for any gasoline or diesel fuel in an affected area during the 180-day period after the date on which a major disaster is declared by the President.
Subjects violations of this Act to specified civil and criminal penalties.
Authorizes victims and state Attorneys General to bring a civil action against violators of this Act.