Cracking Down on Price Gouging Act

This bill amends the Defense Production Act to prohibit price gouging on critical goods during emergencies. It defines "unfairly excessive price" as a 10% or greater price increase relative to pre-shortage levels for essentials like food, medical supplies, energy, or emergency services during declared acute shortages (e.g., natural disasters, pandemics). Businesses violating this face fines up to 300% of revenue from the violation. Exceptions apply for legitimate business needs or uncontrollable cost increases. The law directly affects sellers of critical goods during government-declared emergencies.