Price-Gouging Legislation Failed

By June 25, 2008General

Following up on our earlier post about the shooting-self-in-foot legislation, H.R. 6346, the Federal Price Gouging Prevention Act, we find that it failed to reach the two-thirds majority needed to suspend the rules and pass. The vote was 276-146.

In April 2007, the American Council for Capital Formation issued a paper on the counterproductive, anti-market, negative consequences of price-gouging. The study remains on point.

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