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Article: House passes anti-price gouging bill.(US House of Representatives)
- Article from:
- The Oil Daily
- Article date:
- May 24, 2007
- Author:
CopyrightCOPYRIGHT 2007 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Shrugging off a White House veto threat for the second time in as many days, the US House of Representatives on Wednesday passed a bill that would slap stiff penalties on those engaging in gasoline and other petroleum product price gouging (OD May23,p2).
Crafted to protect consumers from price inflation of petroleum products during an energy emergency, the bill passed 284-141 votes.
By just barely passing the measure by a two-thirds majority, the Democratic-controlled House showed that it has enough support to override a presidential veto.
The overwhelming support was made possible after oil patch members worked to fix flaws in the bill from ...