DROP Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 3637 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 3637 To direct the Federal Trade Commission to promulgate regulations to prohibit an entity from selling, leasing, or offering for sale or lease water rights at an excessive price during certain droughts, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 24, 2023 Mr. Gallego introduced the following bill; which was referred to the Committee on Energy and Commerce _______________________________________________________________________ A BILL To direct the Federal Trade Commission to promulgate regulations to prohibit an entity from selling, leasing, or offering for sale or lease water rights at an excessive price during certain droughts, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Drought-Related Overpricing Prevention Act'' or the ``DROP Act''. SEC. 2. PROHIBITION ON WATER RIGHTS PRICE GOUGING. (…