Harris To Propose Ban On Price Gouging By Grocers

The Washington Post reports:

Vice President Kamala Harris on Friday will unveil a proposed ban on “price gouging” in the grocery and food industries.

Harris’s plan will include “the first-ever federal ban on price gouging on food and groceries — setting clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries,” the campaign said in a statement.

The exact details of the campaign’s plan were not immediately clear, but Harris said she would aim to enact the ban within her first 100 days, in part by directing the Federal Trade Commission to impose “harsh penalties” on firms that break new limits on “price gouging.”

Read the full article. The definition of price gouging in this context remains to be disclosed.

𝐍𝐄𝐖𝐒 | Harris to propose a federal ban on price gouging to lower grocery costs, as part of her economic platform.

Harris aims to tackle high food prices and expand FTC authority.https://t.co/jic7Bw8V2W

— The Election Post (@TheElectionPost) August 15, 2024