Lower Prices at the Pump Act
Rep. McDonald Rivet Introduces Lower Prices at the Pump Act to Ban Gas Price Gouging During Iran Conflict
This bill is currently in the early stages of the legislative process and has been sent to two House committees for review. It is actively moving forward as it waits for these committees to examine its details. There are no upcoming votes scheduled at this time.
Legislative Progress
While gas prices are a major concern for voters, price gouging bills often face stiff opposition from the oil industry and are frequently blocked in the Senate.
Key Points
Impact Analysis
Personal Impact
Life & Work
Independent gas station owners and small fuel retailers would face new federal price limits that restrict how much they can charge above pre-conflict benchmarks. While the law includes exceptions for legitimate cost increases and market conditions, small operators may find compliance more burdensome than large chains with dedicated legal teams. On the other hand, the law's priority enforcement targets companies with over $10 billion in annual sales, which offers some protection for smaller businesses.
“The Attorney General shall give priority to enforcement actions concerning companies with total United States wholesale or retail sales of gasoline and other petroleum distillates in excess of $10,000,000,000 per year.”
Programs
Milestones
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Education and Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Lower Prices at the Pump Act
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.