{"id":3293,"date":"2025-07-21T13:42:21","modified":"2025-07-21T15:15:41","slug":"fetterman-backs-effort-to-rein-in-corporate-greed-and-cut-costs-for-pennsylvania-families","link":"https:\/\/www.fetterman.senate.gov\/fetterman-backs-effort-to-rein-in-corporate-greed-and-cut-costs-for-pennsylvania-families\/","title":{"rendered":"Fetterman Backs Effort to Rein in Corporate Greed and Cut Costs for Pennsylvania Families"},"content":{"rendered":"\t\t
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Text of Bill (PDF)\u00a0<\/a>|<\/span>\u00a0Bill One-Pager (PDF)<\/a><\/strong><\/span><\/p>\n\n

Washington, D.C. \u2014<\/strong>\u00a0Last week, U.S. Senator John Fetterman (D-PA) co-sponsored the\u00a0Price Gouging Prevention Act, a bill that helps the Federal Trade Commission (FTC) and state attorneys general stop big corporations from using high prices to pass tariffs onto consumers. Senator Fetterman previously co-sponsored this legislation when it was introduced in the 118th<\/sup>\u00a0Congress.<\/p>\n\n

Pennsylvanians know that the prices they are seeing throughout the Commonwealth are both unreasonable and unjustifiable. The last five years have repeatedly shown us that giant corporations will take advantage of\u00a0inflation<\/a>\u00a0and\u00a0supply chain disruptions<\/a>\u00a0to expand their profit margins by raising prices higher than necessary to cover cost increases. President Trump\u2019s on-again, off-again tariffs have created yet another opportunity for\u00a0corporate price gouging<\/a>.<\/p>\n\n

\u201cTrump\u2019s 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,\u201d\u00a0said Senator Fetterman.<\/strong>\u00a0\u201cThe\u00a0Price Gouging Prevention Act<\/em>\u00a0gives regulators the teeth to shut this down. It forces big companies to be honest about why they\u2019re raising prices, and it\u2019ll bring relief at the grocery store and the pump to families across the Commonwealth.\u201d\u00a0<\/p>\n\n

The legislation was led by U.S. Senators Elizabeth Warren (D-MA) and Tammy Baldwin (D-WI), along with Representatives Jan Schakowsky (D-IL-9) and Chris Deluzio (D-PA-17).\u00a0<\/strong><\/p>\n\n

\u201cDonald Trump\u2019s 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,\u201d\u00a0said Senator Warren<\/strong>.<\/p>\n\n

\u201cThe biggest corporations in our country jack up the cost of everyday household items, take in record profits, and give their executives huge bonuses \u2013 all on the backs of hard-working Wisconsin families. Donald Trump claimed he would lower prices \u2013 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,\u201d\u00a0said Senator Baldwin<\/strong>. \u201cOur 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.\u201d<\/p>\n\n

\u201cPrices 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,\u201d\u00a0said Congressman Deluzio<\/strong>. \u201cBy 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.\u201d<\/p>\n\n

\u201cPresident 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,\u201d\u00a0said Congresswoman Jan Schakowsky<\/strong>. \u201cOur 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.”<\/p>\n\n

The\u00a0Price Gouging Prevention Act of 2025<\/em>\u00a0would:<\/strong><\/p>\n\n