Lower Prices at the Pump Act

This bill would make it illegal to sell gasoline or other petroleum fuels, at wholesale or retail, at a price that is unconscionably excessive and takes unfair advantage of conditions related to U.S. military operations against Iran. The ban would last from the date the bill becomes law until the President declares those military operations have ended and certifies that the Strait of Hormuz is fully open to shipping. The Federal Trade Commission and state attorneys general could enforce the ban, and the Justice Department could seek criminal fines of up to $500 million per violation. Money collected from penalties would go into a new Consumer Relief Trust Fund used for home energy assistance and weatherization programs for low-income households.

Full text and official record on Congress.gov

Sponsors

• Kristen McDonald Rivet Democrat sponsor
• 2 cosponsors