S. 1263 (110th): Petroleum Consumer Price Gouging Protection Act

Introduced:
May 02, 2007 (110th Congress, 2007–2009)
Sponsor:
Sen. Maria Cantwell [D-WA]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on May 2, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced May 02, 2007
Referred to Committee May 02, 2007
Cosponsors
24 cosponsors (22D, 2R) (show)
Committees

Senate Commerce, Science, and Transportation

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to protect the welfare of consumers by prohibiting price gouging with respect to gasoline and petroleum distillates during natural disasters and abnormal market disruptions, and for other purposes.

Summary

No summaries available.

Text

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Last updated May 02, 2007.
12 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/2/2007--Introduced.
Petroleum Consumer Price Gouging Protection Act - Declares it unlawful for a supplier to sell crude oil, gasoline, or petroleum distillates at an unconscionably excessive price in an area the President declares an energy emergency area.
States it is unlawful for any person to employ, in connection with the wholesale purchase or sale of crude oil, gasoline, or petroleum distillates, any manipulative or deceptive device or contrivance in contravention of Federal Trade Commission (FTC) rules.
States it is unlawful for any person to report information to the FTC related to the wholesale price of crude oil, gasoline, or petroleum distillates if the person:
(1) knows, or reasonably should know, the information to be false or misleading; and
(2) intends the false or misleading data to affect market data compiled by the FTC for statistical or analytical purposes.
Authorizes the President to declare a federal energy emergency if the well-being of U.S. citizens is at risk because of a shortage or imminent shortage of adequate supplies of crude oil, gasoline, or petroleum distillates because of:
(1) a disruption in the national distribution system; or
(2) significant pricing anomalies in the national energy markets for such products.
Empowers the FTC and state attorneys general to enforce this Act.
Declares that this Act does not preempt state law.
Sets forth civil and criminal penalties for violations of this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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