H.R. 7390, known as the “Price Gouging Prevention Act of 2024,” aims to make price gouging illegal and expand the Federal Trade Commission's (FTC) powers to combat it. The bill prohibits selling goods or services at grossly excessive prices, particularly during exceptional...
Simple Explanation
H.R. 7390 is a plan that wants to stop people from raising prices too much when things go wrong, like during a big storm. It also wants a special group, called the Federal Trade Commission, to help stop this and makes sure companies tell the truth about their prices.