Stop Disaster Price Gouging Act

TL;DR (AI)

• The bill prohibits price increases of more than 10 percent for essential consumer goods and services, hotel lodging, and residential rental properties during a major disaster or emergency declaration.
• Repair or reconstruction services are subject to a 180-day price increase prohibition, with prices limited to 10 percent above pre-disaster levels, and prices for essential goods and services cannot exceed 50 percent greater than the seller's cost for 30 days after the disaster declaration.
• The Federal Trade Commission and state attorneys general will enforce the prohibition, with penalties of up to $25,000 per violation, and individuals injured by violations may bring a private right of action in state or federal court.