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Warren Bill Would Require Companies to Explain Price Hikes

  • Public companies would report price rationale quarterly
  • Legislation faces uphill battle in evenly divided Senate
Elizabeth Warren
Elizabeth Warren

Photographer: Win McNamee/Getty Images/Bloomberg

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Senator Elizabeth Warren wants companies to disclose the rationale for charging more for their products and empowering federal regulators to go after companies ranging from oil producers to food sellers that have sharply increased prices.

Legislation she’s drafted, obtained by Bloomberg News, would allow the Federal Trade Commission and state attorneys general more leeway to investigate sellers that charge excessive prices. The legislation also clarifies that price gouging anywhere in the supply chain is illegal.