Task Force to Stop Price Gouging Act of 2024

HR 8493 establishes a federal task force to investigate unfair pricing practices affecting consumers, particularly families facing high food costs. The task force, composed of officials from the Justice Department, Federal Trade Commission, and Agriculture Department, will examine anti-competitive business practices, prevent food sector consolidation, and analyze supply chain pricing. It must submit regular reports to Congress every 90 days, detailing interagency efforts, government spending impacts on food prices, supply chain improvements, and input cost analysis. This bill directly affects consumers by creating a dedicated body to address price-related issues in the food sector, without changing existing laws or imposing new penalties.