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US Senate News:

Source: United States Senator for Massachusetts – Elizabeth Warren
July 17, 2025
Text of Bill (PDF) | Bill One-Pager (PDF)
Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.) and Tammy Baldwin (D-Wis.), along with Representatives Jan Schakowsky (D-Ill.) and Chris Deluzio (D-Pa.) reintroduced the Price Gouging Prevention Act to fight back against the corporate greed enabled by the Trump administration’s chaotic tariff policies. The bill would give the Federal Trade Commission (FTC) and state attorneys general new tools to enforce a federal ban against grossly excessive price increases.
The last five years have repeatedly shown us that giant corporations will take advantage of inflation and supply chain disruptions to expand their profit margins by raising prices higher than necessary to cover cost increases. President Trump’s on-again, off-again tariffs have created yet another opportunity for corporate price gouging. The tariff-driven uncertainty gives companies the opportunity to raise prices on all goods, regardless of whether they are actually subject to new tariffs, higher and for longer than what is necessary to cover any cost increases. Now, dozens of companies have reported raising the prices of goods and services unaffected by Trump’s tariffs. 
“Donald Trump’s reckless tariff policies are giving companies cover to squeeze families and raise prices more than necessary. My bill is an opportunity for Congress to stand up for families by cracking down on price gouging and fighting back against corporate abuse,” said Senator Warren.
Last week, Senator Warren and 16 other Democrats urged the FTC to investigate tariff-enabled corporate price gouging that is raising costs for American families and use its full authority to prevent it.
“The biggest corporations in our country jack up the cost of everyday household items, take in record profits, and give their executives huge bonuses – all on the backs of hard-working Wisconsin families. Donald Trump claimed he would lower prices – so far, he has done just the opposite and is even opening the door to more price gouging. But, if we pass this bill, we can rein that in and give Wisconsinites some breathing room and allow them to save for the future,” said Senator Baldwin. “Our bill will finally crack down on corporate greed and help stop those big companies at the top of the food chain from sticking families with exorbitant costs.”
“Prices are still too high, and inflation is still pounding folks. Especially now, we need to rein in monopolists and other huge corporations with the power to price gouge the American people,” said Congressman Deluzio. “By upping FTC enforcement practices and boosting transparency, this bill will take some of the squeeze off American families and small businesses suffering under the thumb of out-of-control corporate power.”
“President Donald Trump promised to lower costs, but we have seen the exact opposite. Greedy corporations are using the economic turmoil the Trump Administration has created to gouge the American people on everything from groceries to consumer goods. While these large corporations rake in record profits, families in my community and across the country are struggling to put food on the table,” said Congresswoman Jan Schakowsky. “Our bill will finally put an end to price gouging by empowering the FTC and state attorneys general to hold bad actors accountable when they take advantage of consumers.”
Senator Warren introduced this bill in the 116th Congress, 117th Congress, and again in the 118th Congress. 
The Price Gouging Prevention Act of 2025 would help the federal government and state attorneys general fight corporate price gouging. The bill would: 
Prohibit price gouging at the federal level—anytime and anywhere. The bill would clarify that price gouging is an unfair and deceptive practice under the FTC Act. It would allow the FTC and state attorneys general to stop sellers from charging a grossly excessive price, regardless of where the price gouging occurs in a supply chain or distribution network; 
Help enforcers establish when price gouging is occurring during a significant shift in trade policy. The bill lists a set of exceptional market shocks—including an “abrupt or significant shift in trade policy”—and outlines a standard for a presumptive violation of the price gouging prohibition during such a shock, such as when companies brag about increasing prices; 
Create an affirmative defense for small businesses acting in good faith. Small and local businesses sometimes must raise prices in response to crisis-driven increases in their costs because they have little negotiating power with their price-gouging suppliers. This affirmative defense protects small businesses earning less than $100 million from frivolous litigation if they show legitimate cost increases; 
Require public companies to clearly disclose costs and pricing strategies. During periods of exceptional market shock, the bill requires public companies to transparently disclose and explain changes in their cost of goods sold, gross margins, and pricing strategies in their quarterly SEC filings; and 
Provide $1 billion in additional funding to the FTC to carry out its work.
Senators Richard Blumenthal (D-Conn.), John Fetterman (D-Pa.), Andy Kim (D-N.J.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Bernie Sanders (I-Vt.), Elissa Slotkin (D-Mich.), and Sheldon Whitehouse (D-R.I.) joined as co-sponsors. 
Representatives Angie Craig (D-Minn.), Maggie Goodlander (D-N.H.), Hank Johnson (D-Ga.), Ro Khanna (D-Calif.), Eleanor Holmes Norton (D-D.C.), Jerry Nadler (D-N.Y.), Mary Gay Scanlon (D-Pa.), Rashida Tlaib (D-Mich.), and Paul Tonko (D-N.Y.) joined as co-sponsors. 
“Consumers deserve and desperately need stronger protection against price gouging and unfair profiteering that this legislation will provide. As state Attorney in Connecticut, I saw firsthand how corporate greed leads wrongdoers to exploit loopholes in present law. American consumers should be safeguarded more effectively by imposing accountability and transparency,” said Senator Blumenthal.
“Trump’s chaotic tariff policies handed large companies a free pass to jack up prices on the goods and services we rely on every day. As a result, hard-working Americans are being forced to take a smaller slice of the pie while corporate executives line their pockets. The Price Gouging Prevention Act gives regulators the teeth to shut this down,” said Senator Fetterman. “It forces big companies to be honest about why they’re raising prices, and it’ll bring relief at the grocery store and the pump to families across the Commonwealth.”
“No one should be allowed to pad their pockets by price gouging hardworking Americans,” said Senator Kim. “At a moment when more and more people are feeling like they can’t afford the American dream, this bill is an important tool to stand up for working families, lower costs, and build an economy that looks after all Americans, not just the wealthiest few.”
“Big corporations are making big profits, and some are cynically using Trump’s tariffs and trade threats to justify price increases on hard working people,” said Senator Markey. “While Republicans shower big corporations with lavish tax breaks, Senator Warren and Senator Baldwin are leading the fight to stand up for working people. I am proud to stand with my colleagues to co-sponsor the Price Gouging Prevention Act and end predatory profiteering.”
“From outrageous prices for prescription medications, to the costs of groceries skyrocketing, it’s working families footing the bill while huge corporations gouge consumers to line their own pockets,” said Senator Merkley. “Americans deserve basic consumer protections from this harmful practice, and we need the Price Gouging Prevention Act to put people over profits.”
“Michiganders know their pocketbooks. They know when they are getting taken for a ride.  The cost of living is too high in America, and it is keeping hard-working people out of the middle class,” said Senator Slotkin. “One way to attack that problem is to crack down on price gouging from the largest, multi-national corporations, who too often use a crisis or supply chain disruption to further squeeze Americans and raise prices. This bill strengthens the tools in our toolkit to go after bad-faith actors and protect the middle class.”
“Corporate bad actors are using Trump’s tariff chaos as an excuse to hike prices far beyond their own cost increases to make even more money at the expense of hardworking Americans,” said Senator Whitehouse. “Our legislation will crack down on price gouging and lower costs for families.”
This bill is endorsed by the following labor groups and organizations: AFL-CIO, UAW, USW, Accountable.US/Accountable.NOW, American Economic Liberties Project, Consumer Federation of America, Economic Security Project Action, Farm Action Fund, Food & Water Watch, Groundwork Collaborative, National Consumer Law Center (on behalf of its low-income clients), P Street, and Public Citizen. 
“America’s working families are tired of giant corporations jacking up prices and taking a bigger and bigger slice of their paychecks just to pad their record-breaking profits. The Price Gouging Prevention Act is important legislation to crack down on this corporate greed, put some common-sense fairness back in our economy, and rein in the basic costs that are making it hard for working families to make ends meet,” said Liz Shuler, President of the AFL-CIO. 
“Working families must never be squeezed by corporations using crises as cover to raise prices. The Price Gouging Prevention Act is a long-overdue check on corporate abuse, holding companies accountable and putting power back in the hands of consumers and workers. We’re proud to support it,” said David McCall, President of the United Steelworkers. 
“The Trump administration has shown time and again it is on the side of the giant corporations squeezing profits from American families. While the President fans the flames on higher prices and fewer protections, the Price Gouging Prevention Act tackles corporate greed head on. It’s more important than ever that Congress take the initiative to defend American families from abusive price hikes in the marketplace,” said Caroline Ciccone, President of Accountable.US/Accountable.NOW. 
“Cracking down on price gouging at the federal level is both commonsense and long overdue,” said Morgan Harper, Director of Policy and Advocacy at the American Economic Liberties Project. “From natural disasters to Trump’s tumultuous trade policy, big corporations are weaponizing chaos to pad their bottom line at the expense of hardworking Americans. Just like the laws many states across the country already have in place, Senator Warren’s price-gouging legislation prohibits opportunistic price increases now and during future crises to protect families and small businesses.”
“Now, more than ever, we need to crack down on predatory corporations that weaponize economic turmoil by price-gouging hardworking Americans and lining their pockets with obscene profits. Congress should immediately pass the Price Gouging Prevention Act and give state and federal law enforcement agencies full power to stop corporations from preying on American families through this shameless profiteering,” said Erin Witte, Director of Consumer Protection for Consumer Federation of America.
“More and more families are feeling the sting of our affordability crisis, and price gouging is a major cause. Price gouging puts basic needs like groceries, rent, and medications increasingly out of reach for millions just to line the pockets of corporate shareholders. The Price Gouging Prevention Act is a huge step towards ending this practice by holding corporate price gougers accountable,” said Adam Ruben, Director of Economic Security Project Action. 
“For too long, corporate giants have used market disruptions as an excuse to gouge farmers and consumers, with little fear of consequences. We exposed abusive pricing schemes in the fertilizer, beef, and egg industries in recent years, yet the FTC has been hamstrung in its ability to take action. The legislation introduced by Senator Warren and her colleagues would enable antitrust enforcers to hold these corrupt corporations accountable, restoring fairness to our markets and bringing justice to America’s farmers and consumers,” said Joe Maxwell, President of Farm Action Fund. 
“While everyday Americans are struggling to make ends meet, corporations continue to hike up prices and rake in record profits. The president’s chaotic trade policy has created the perfect environment for companies to raise prices on consumers well beyond the rate of inflation. Senator Warren’s legislation puts working families first by cracking down on these price gougers and ensuring consumers pay a fair price,” said Lindsay Owens, Executive Director of Groundwork Collaborative. 
“Whether it’s airlines hiking prices after a hurricane, egg companies using flimsy excuses to quadruple costs, or oil giants colluding to keep prices high, we know corporations price gouge consumers for one simple reason: because they can,” said Joe Van Wye, Senior Legislative Strategist at P Street. “Decades of weak antitrust enforcement let these corporations grow unchecked—giving monopolies the power to squeeze families for every dollar. Senator Warren is taking on corporate greed head-on and demanding real accountability to put dollars back in Americans’ pockets. More of her colleagues should follow her lead.”

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