H.R. 4528 (119th)Bill Overview

Price Gouging Prevention Act of 2025

Commerce|Commerce
Cosponsors
Support
Democratic
Introduced
Jul 17, 2025
Discussions
Bill Text
Current stageCommittee

Referred to the Committee on Energy and Commerce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case f…

Introduced
Committee
Floor
President
Law
Congressional Activities
01 · The brief
Plain-English summaryWhat this bill actually does

The Price Gouging Prevention Act of 2025 makes it unlawful to sell or offer for sale a good or service at a "grossly excessive price," sets presumptions and defenses for price increases during "exceptional market shocks," and defines circumstances in which a seller is treated as having "unfair leverage." The Federal Trade Commission is authorized to enforce the law, seek injunctions, civil penalties, restitution, and other equitable relief, and to promulgate rules (including defining key terms such as "grossly excessive price"). The bill requires certain SEC-reporting issuers to include detailed, tabular and narrative disclosures about price, volume, margins, costs, and pricing strategy in the quarter following an exceptional market shock.

Why people may split

Whether federal enforcement of price limits is an appropriate response: liberals emphasize consumer protection; conservatives emphasize market signaling and limited government.

Watch point

Relative to its intended legislative type, this bill is a well-specified substantive policy measure that creates a new nationwide prohibition on ‘‘grossly excessive’’ pricing during specified conditions, establishes enforcement authorities and penalties, prescribes SEC disclosure obligations, and provides significant funding for the FTC.

The Price Gouging Prevention Act of 2025 makes it unlawful to sell or offer for sale a good or service at a "grossly excessive price," sets presumptions and defenses for price increases during "exceptional market shocks," and defines circumstances in which a seller is treated as having "unfair leverage." The Federal Trade Commission is authorized to enforce the law, seek injunctions, civil penalties, restitution, and other equitable relief, and to promulgate rules (including defining key terms such as "grossly excessive price").

The bill requires certain SEC-reporting issuers to include detailed, tabular and narrative disclosures about price, volume, margins, costs, and pricing strategy in the quarter following an exceptional market shock.

The Act also appropriates $1,000,000,000 to the FTC for fiscal year 2025 (available through September 30, 2033) and preserves parallel enforcement by State attorneys general with procedural notice and intervention provisions.

Passage35/100

Based solely on content and structure, the bill is a sweeping federal intervention into pricing with significant enforcement resources and novel legal standards; such measures commonly trigger strong resistance from affected businesses and require substantial negotiation to pass both chambers and be signed. While consumer‑protection elements and state enforcement allowances could help, the combination of large appropriation, wide regulatory reach, and significant compliance/disclosure mandates lowers the probability of enactment without major revisions or compromises.

CredibilityAligned

Relative to its intended legislative type, this bill is a well-specified substantive policy measure that creates a new nationwide prohibition on ‘‘grossly excessive’’ pricing during specified conditions, establishes enforcement authorities and penalties, prescribes SEC disclosure obligations, and provides significant funding for the FTC. The bill combines statutory definitions and presumptions with delegated rulemaking to resolve technical measurement questions.

Contention72/100

Whether federal enforcement of price limits is an appropriate response: liberals emphasize consumer protection; conservatives emphasize market signaling and limited government.

02 · What it does

Who stands to gain, and who may push back.

Likely benefits vs burdens50% / 50%
Consumers · Federal agenciesFederal agencies

These are examples from the analysis, not a ranked list of the most-affected groups.

Likely helped
  • ConsumersGreater consumer protection during disasters and other market shocks by deterring large, opportunistic price increases…
  • Potential benefitIncreased transparency for investors and regulators because public companies must disclose post-shock changes in prices…
  • Federal agenciesExpanded FTC funding (a $1 billion appropriation) and broader litigation authority are likely to increase federal enfor…
Likely burdened
  • Potential burdenBusinesses face new compliance and reporting burdens (expanded SEC disclosures, potential rule compliance, and recordke…
  • Federal agenciesAmbiguity in statutory terms (e.g., "grossly excessive price," market definitions, and "unfair leverage") may produce l…
  • Potential burdenPenalties calculated as a percentage of an ultimate parent’s revenues could impose very large monetary liabilities, pot…
03 · Why people split

Why the argument around this bill splits.

Whether federal enforcement of price limits is an appropriate response: liberals emphasize consumer protection; conservatives emphasize market signaling and limited government.
Progressive85%

A mainstream liberal would likely view the bill positively as a strong consumer-protection measure aimed at preventing corporate opportunism during disasters and other market disruptions.

They would welcome the FTC’s expanded civil enforcement powers, the presumptions against excessive pricing during shocks, the transparency requirements for public companies, and the substantial funding for enforcement.

They might judge the statutory thresholds and definitions as needing to be implemented aggressively by the FTC to ensure strong enforcement.

Leans supportive
Centrist60%

A moderate/centrist would likely be cautiously favorable to the bill’s goal of preventing predatory pricing during emergencies but would have significant concerns about vagueness, legal defensibility, and economic side effects.

They would appreciate the attempt to balance enforcement with an affirmative defense for smaller firms and the provision for FTC rulemaking, but would want clearer metrics, procedural safeguards, and oversight to avoid unintended consequences.

They would view the SEC disclosure requirements as a useful transparency tool if implemented with reasonable compliance timelines and materiality standards.

Split reaction
Conservative15%

A mainstream conservative would likely oppose the bill as an unwarranted expansion of federal regulatory power that interferes with market pricing, especially during periods when price signals are important to allocate scarce resources.

They would object to broad and vague standards, substantial FTC funding, and the authority for states and the FTC to pursue large civil penalties tied to company revenues.

They would also view the mandatory SEC disclosures as regulatory overreach that imposes costly reporting obligations and risks exposing competitively sensitive data.

Likely resistant
04 · Can it pass?

The path through Congress.

Introduced

Reached or meaningfully advanced

Committee

Reached or meaningfully advanced

Floor

Still ahead

President

Still ahead

Law

Still ahead

Passage likelihood35/100

Based solely on content and structure, the bill is a sweeping federal intervention into pricing with significant enforcement resources and novel legal standards; such measures commonly trigger strong resistance from affected businesses and require substantial negotiation to pass both chambers and be signed. While consumer‑protection elements and state enforcement allowances could help, the combination of large appropriation, wide regulatory reach, and significant compliance/disclosure mandates lowers the probability of enactment without major revisions or compromises.

Scope and complexity
86%
Scopesweeping
52%
Complexitymedium
Why this could stall
  • How agencies (FTC and SEC) would define key terms like "grossly excessive price," "market," and "exceptional market shock" in rulemaking — definitions will materially affect scope and litigation risk.
  • The political willingness of Congress to approve the $1 billion appropriation and to accept new regulatory authority over pricing; the bill's prospects could change substantially during markup or negotiation.
05 · Recent votes

Recent votes on the bill.

No vote history yet

The bill has not accumulated any surfaced votes yet.

06 · Go deeper

Go deeper than the headline read.

Included on this page

Whether federal enforcement of price limits is an appropriate response: liberals emphasize consumer protection; conservatives emphasize mar…

Based solely on content and structure, the bill is a sweeping federal intervention into pricing with significant enforcement resources and…

Unlocked analysis

Relative to its intended legislative type, this bill is a well-specified substantive policy measure that creates a new nationwide prohibition on ‘‘grossly excessive’’ pricing during specified conditions, establishes enf…

Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.

Perspective breakdownsPassage barriersLegislative design reviewStakeholder impact map
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