Cracking Down on Price Gouging Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4720 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4720 To amend the Defense Production Act of 1950 to provide for stricter prohibitions on price gouging of certain materials, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 23, 2025 Mr. Riley of New York introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Defense Production Act of 1950 to provide for stricter prohibitions on price gouging of certain materials, 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 ``Cracking Down on Price Gouging Act''. SEC. 2. PROHIBITION ON PRICE GOUGING OF CERTAIN MATERIALS. The Defense Production Act of 1950 (50 U.S.C. 4512) is amended-- (1) in section 102-- (A) by striking ``In'' and inserting the following: ``(a) Prohibition on Hoarding and…