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Some state statutes that prohibit price gouging—including those of Alabama, [7] Florida, [8] Mississippi, [9] and Ohio [10] —prohibit price increases only once the President of the United States or the state's governor has declared a state of emergency in the impacted region. California permits emergency proclamations by officials, boards ...
The only existing federal law against price gouging is aimed at preventing profiteering during wartime or other national emergencies. The law bans hoarding designated scarce items for resale at ...
The lawmakers said a federal price gouging law carried out by the FTC would “strengthen and standardize state-level efforts to combat price gouging.” “Price gouging laws differ across states ...
A potential federal ban on price gouging by groceries would have many state-level models to borrow from. Former President Donald Trump has blasted his rival’s call for a federal ban on food ...
Research from the San Francisco Federal Reserve suggests alleged corporate price gouging was not a primary catalyst for the inflation surge that began in 2021, while progressive-leaning think ...
Ahead of Hurricane Milton’s landfall on Florida’s western coast this month, federal agencies warned companies against price gouging and told consumers to be on alert for potential scams ...
Several states already restrict price gouging, but there is no federal-level ban. ... such as price-fixing laws that bar companies from agreeing to not compete against each other and set higher ...
A federal district court in February 1961 fined 29 electrical manufacturing companies and 45 individuals a total of $1,924,500 for violating the antitrust laws by fixing prices and rigging bids on heavy electrical equipment, some of which was sold to the Government. [46] (See also: Allis-Chalmers § 1960s and 1970s.)