Unconscionable Pricing Act
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 provides authority for the Federal Trade Commission and state attorneys general to enforce the requirements of this bill.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2021
Committee Review
Floor Vote
President
Introduced Feb 2, 2021
Last action Feb 3, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Feb 3, 2021
Committee
Referred to the Subcommittee on Consumer Protection and Commerce.
lower
Feb 2, 2021
Committee
Referred to the House Committee on Energy and Commerce.
lower
Feb 2, 2021
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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