United States Congress
Price Gouging Prevention Act of 2024
February 26, 2024
Summary
The Price Gouging Prevention Act of 2024 would prohibit selling goods or services at grossly excessive prices during exceptional market shocks, enforced by the FTC. The bill includes presumptions of violation for large firms with unfair leverage, and provides defenses for small entities. It applies across all industries, including mortgage lending, meaning lenders must avoid excessive price increases on loans or fees during declared emergencies or market disruptions.
AI-generated summary · May 27, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/s-bill/3803
Common questions
- What does "Price Gouging Prevention Act of 2024" cover?
- The Price Gouging Prevention Act of 2024 would prohibit selling goods or services at grossly excessive prices during exceptional market shocks, enforced…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on February 26, 2024.
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