Vice President Kamala Harris is proposing a federal ban on price gouging, enabling the FTC to investigate and penalize companies that excessively increase prices, aiming to lower overall costs for Americans.
Harris' initiative to combat price gouging includes cracking down on unfair mergers that allow large food corporations to manipulate prices. Experts warn the definition of gouging must be clear to enforce the ban effectively.
Analysts point out that while some states already have price gouging laws, a federal ban would help standardize regulations and close loopholes that currently allow some companies to exploit consumers.
Trump's previous actions against price gouging set a precedent, but Harris' proposal aims to create a comprehensive federal strategy to address rising grocery prices amid ongoing inflation challenges.
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