HILL ENERGY BRIEFING: Gas Price Gouging Bill to Get Senate Vote the evenly divided Senate, an unlikely prospect considering GOP lawmakers blame high fuel prices on Democratic policies.\nSchumer said moving the legislation to the floor would force Republicans to choose sides between big oil or ...
BIPARTISAN BILL WOULD PUNISH GAS PRICE GOUGING.(NEWS)Straub, Bill
Senator Kagan said this bill will limit what she calls "bait and switch" and price gouging. With the bill in effect, drivers will now have more clarity on what they'll be paying at the pump. In Maryland, gas stations are required to post the lowest price for regul...
In Washington last month, House Democrats voted for a bill to crack down on what they called price gouging by oil companies, but Republican opposition made Senate approval unlikely. This week in the U.K., the president of the motoring association AA said prices are "crippling the...
"My legislation would tax Big Oil's excess profits in 2022 and return the revenue back to Americans," DeFazio said in a statement about the bill, called theStop Gas Price Gouging Tax and Rebate Act. DeFazio pointed to a report from watchdog group Accountable.us that found that the larges...
Incidentally, the House of Representatives recently passed a bill along party lines that gives the Federal Trade Commission the authority to investigate energy companies for alleged price gouging (raising prices). "The legislation, from Rep. Kim Schrier (D-Calif) and Rep.Katie Porter(D-Calif.),...
"John Kerry blasted the Bush administration for high gas prices ... he said gas is so expensive he may now have to marry Bill Gates." — Jay Leno "John Kerry made a speech announcing a plan to control gas prices. After hearing this, President Bush said, 'That's crazy, only Dick Che...
In June,Bidenaccusedoil refiners of price gouging even though they wereoperatingat 94% of their capacity.And he said, “This idea that [the oil and gas firms] don’t have oil to drill and to bring up is simply not true.”But it was true. ...
But the bill faces resistance from Republicans and moderate Democrats and faces an uncertain future. De Haan dismissed the idea that companies should purposefully limit their profits. “You’re asking producers to defy the logic behind supply and demand and economics. That would be akin to asking...
Price gouging laws are in effect in Virginia as part of a State of Emergency declared Tuesday by Gov. Ralph Northam. Residents were encouraged to file price gouging complaints if they felt they were being unfairly charged for goods. Colonial Pipeline said Wednesday it has restarted operations...