WASHINGTON, Feb. 15 -- Rep. Jan Schakowsky issued the following press release:
Today, U.S. Representative Jan Schakowsky (IL-09) and U.S. Senator Elizabeth Warren (D-MA) reintroduced the Price Gouging Prevention Act of 2024, which would protect consumers and prohibit corporate price gouging. The bill would authorize the Federal Trade Commission (FTC) and state attorneys general to enforce a federal ban against grossly excessive price increases, regardless of a seller's position in a supply chain.
Specifically, this legislation would crack down on major companies that brag about exploiting American consumers or exercise unfair leverage while jacking up prices. It would also protect small businesses that raise prices in good faith. Additio...