Senator Elizabeth Warren wants companies to disclose the rationale for charging more for their products, and wants to empower federal regulators to go after companies—ranging from oil producers to food sellers—that have sharply increased prices.
Legislation she's drafted, obtained by Bloomberg News, would give the Federal Trade Commission (FTC) and state attorneys general more leeway to investigate sellers that charge excessive prices. The legislation also clarifies that price gouging anywhere in the supply chain is illegal.
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