In Guardian op-ed, Casey calls for a national ban on price gouging and highlights how similar bans are already protecting consumers in states across the country
Casey: “While companies have a right to turn a profit—even a substantial one —American consumers deserve to pay fair prices. That means holding giant corporations accountable when they go too far to make a buck.”
Casey introduced the Price Gouging Prevention Act earlier this year, and Vice President Harris has recently embraced it as part of her economic agenda
Casey has been working to call out greedflation and corporations that are squeezing American families while raking in record profits
Washington, D.C. – Today, U.S. Senator Bob Casey (D-PA) published a new op-ed in the Guardian calling for national ban on price gouging. In the op-ed, Casey laid out how price gouging bans are already protecting consumers from unfair prices in 37 states across the Nation. After Casey introduced the Price Gouging Prevention Act earlier this year, support for the bill has grown and Vice President Harris embraced it as a part of her economic agenda.
“While companies have a right to turn a profit—even a substantial one—American consumers deserve to pay fair prices. That means holding giant corporations accountable when they go too far to make a buck,” wrote Senator Casey. “Giving the federal government the power to investigate and prosecute large companies that price gouge isn’t a campaign gimmick, nor is it the beginning of the end of capitalism in America. It’s simply a way of ensuring that when corporations are using a crisis as an excuse to jack up prices on consumers, we will not surrender—instead, we will fight back.”
Casey’s Price Gouging Prevention Act will fight back against corporations that take advantage of American families and prey on consumers through greedflation. The commonsense legislation mirrors a similar Pennsylvania law against “unconscionably excessive” price gouging, which is not yet banned at the national level. Under the guise of inflation, corporations have jacked up prices on everyday items to charge American families more while they rake in record profits. Senator Casey has been calling out greedflation over the past year through a series of reports that call out of the various deceptive practices that corporations use to squeeze American families. His legislation would not only ban price gouging but would grant the FTC and state attorneys general the authority to enforce the law.
Read Senator Casey’s full op-ed HERE.
