Should set off alarm bells across all industries | Eastern North Carolina Now
House passes fuel price-gouging bill
Authored by Natahan Worcester via The Epoch Times,
The House of Representatives passed the Consumer Fuel Price Gouging Prevention Act, by a vote of 217-207 on May 19, taking the country closer to greater government involvement in energy markets as gasoline prices soar to new heights.
The bill, H.R. 7688, would let President Joe Biden declare an “energy emergency.”
Such an emergency would empower the Federal Trade Commission (FTC) to target people who sell fuel at a price judged “unconscionably excessive” or that “indicates the seller is exploiting the circumstances related to an energy emergency to increase prices unreasonably.”
How long before it affects other industries? This is nothing more than a socialist control of companies.
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