Gas Price-Gougers Could Face Jail, $150M Fine: Bill

Law360, New York (May 4, 2006, 12:00 AM EDT) -- With threats of jail time and $150 million fines, legislation requiring the U.S. government to define, investigate and penalize gasoline price-gouging has passed the U.S. House of Representatives by a wide margin, expanding the legislative onslaught already facing the oil industry.

The bill, which will now hit the U.S. Senate floor for a vote, complements an investigation into price-gouging announced by U.S. President George W. Bush in late April.

With the Senate already considering separate antitrust legislation for the industry and rising gasoline prices continuing to...
To view the full article, register now.