HR 17078 · 93th Congress · Retail trade
Windfall Profits Prevention Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Agriculture.(1974-10-03)
Plain Language Summary
[AI summary unavailable — showing source text]
Windfall Profits Prevention Act - Provides that any interested person who has reason to believe that any price of consumer commodities or food permits the retailer thereof windfall profits may petition the Attorney General for a determination of the issue. Provides that, if the Attorney General finds that such a price results in windfall profits, he may specify a lower price for the item which may not be raised without his approval. Permits the Attorney General to order the refund of windfall profits received after a hearing of the retailer. States that any determination under this Act shall be subject to judicial review. States that any willful violation of a determination by the Attorney General under this Act shall be punished by a fine not to exceed $10,000,…
Summarized by Claude AI · Non-partisan · For informational purposes only