File:RS22262 (IA RS22262-crs).pdf
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This United States Congress image is in the public domain. This may be because it was taken by an employee of the Congress as part of that person’s official duties, or because it has been released into the public domain and posted on the official websites of a member of Congress. As a work of the U.S. federal government, the image is in the public domain.
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Short title | WIKILEAKS - Congressional Research Service - "Price Gouging," the Antitrust Laws, and Vertical Integration in the Petroleum Industry: How They Are Related, May 28, 2008 |
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Image title | The Energy Policy Act of 2005 required an FTC investigation "to determine if the price of gasoline is being artificially manipulated by reducing refinery capacity or by any other form of market manipulation or price-gouging practices"; the 110th Congress enacted the Energy Independence and Security Act of 2007 with a provision authorizing the FTC to promulgate a rule concerning market manipulation. Also in the 110th Congress, the House has passed H.R. 1252, which would define "price gouging" as "excessively unconscionable" or "unreasonably" increased prices during Presidentially declared "energy emergencies," incorporates the FTC Act, directs FTC enforcement, and provides for civil and criminal penalties (several, similar measures are pending in the Senate Commerce Committee); and H.R. 6074 to make "oil-producing and exporting cartels illegal" under U.S. antitrust laws. This report, which may be updated to further reflect congressional action, attempts to provide the antitrust context for the prohibited practices, notes prior congressional action concerning vertical divestiture in the petroleum industry, and provides information on the state "divorcement" statutes. |
Author | Congressional Research Service : Janice E. Rubin, American Law Division |
Software used | WIKILEAKS - http://wikileaks.org/wiki/CRS-RS22262 - February 2, 2009 |
Conversion program | WIKILEAKS - http://wikileaks.org/wiki/CRS-RS22262 - February 2, 2009 |
Encrypted | no |
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Version of PDF format | 1.4 |