Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Elizabeth Warren Photographer: Win McNamee/Getty Images

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.

Warren’s bill is being introduced as consumer prices have been rising at the fastest rate in decades. With inflation becoming the top concern for voters, Democrats in Congress are seeking ways to tame price hikes ahead of the November midterm elections. However, getting the legislation passed would require the support of at least 10 Republicans in the evenly divided Senate, an unlikely prospect with GOP lawmakers pinning blame for high prices on Democratic policies.


Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.