Price-gouging bill heads for US House amid protests

05/28/2007
Rep. Bart Stupak (D-Mich.) convened a US House subcommittee hearing May 22 to examine rising gasoline prices amid record oil company profits. Republicans used most of their opening statements instead to protest the scheduled May 23 arrival on the floor of Stupak’s gasoline price-gouging bill.The bill, HR 1252, would empower the US Federal Trade Commission to investigate gasoline or other petroleum product price manipulation allegations at the wholesale and retail level. It would ban sales at prices that are “unconscionably excessive” or take “unfair advantage” of consumers.The bill is scheduled to arrive on the floor under a rules suspension, which requires a...
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