House Bill 7277
116th Congress(2019-2020)
Unconscionable Pricing Act
Introduced
Introduced in House on Jun 18, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7277
Congress
116
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
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 grants the Federal Trade Commission and state attorneys general the authority to enforce compliance with the requirements of this bill.
June 18, 2020
06/18/2020
Referred to the House Committee on Energy and Commerce.
06/18/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:16:52 PM