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Warren Proposes Giving U.S. FTC Power to Probe Price Gouging

  • Bill would allow FTC to investigate oil, meat, grocery prices
  • Legislation faces long odds and would need some GOP backing
Elizabeth Warren
Elizabeth WarrenPhotographer: Al Drago/Bloomberg

Senator Elizabeth Warren says she’s writing a bill that would empower the Federal Trade Commission to investigate price gouging on products from food to fuel, which she said would bring immediate relief to families.

“Do you realize FTC, bless them, the ones that are out there, they’re supposed to be enforcing our anti-trust laws along with the DOJ, they don’t think they have the power to go after price gouging?” Warren said Wednesday at an event in Washington. “They have other practices, sales practices, trading practices that they can go after, but not price gouging.”