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...
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