E&C Announces Legislative Hearing to Address Greedy Corporate Price Gouging
Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) and Consumer Protection and Commerce Subcommittee Chair Jan Schakowsky (D-IL) announced today that the Consumer Protection and Commerce Subcommittee will hold a legislative hearing on Wednesday, February 2, at 10:30 a.m. (EST) in the John D. Dingell Room, 2123 of the Rayburn House Office Building. The hearing is entitled, “Pandemic Profiteers: Legislation to Stop Corporate Price Gouging.”
“It’s outrageous that some corporations are exploiting the COVID-19 pandemic and supply chain disruptions to price gouge vulnerable American consumers,” Pallone and Schakowsky said. “While corporate profits reach record highs, many Americans are struggling to afford necessities. Enough is enough; it is time for Congress to intervene on behalf of consumers against the corporate greed that is driving up prices. Next week, we will consider legislation to empower the Federal Trade Commission and state attorneys general with the enforcement tools they need to effectively go after price gougers.”
This will be a hybrid hearing that includes both in person and remote member attendance via Cisco Webex video conferencing. Members of the public may view the hearing via live webcast accessible on the Energy and Commerce Committee’s website. Please note the webcast will not be available until the hearing begins.
The Committee strongly recommends that members of the media view the proceedings remotely. The Capitol and House Office Buildings currently have restricted access. Seating in the Committee room for credentialed media is very limited. Media must RSVP to their respective press gallery no later than 5 p.m. on Tuesday, February 1.
House Radio/TV Gallery:
House Periodical Gallery:
House Daily Press Gallery:
Information for this hearing, including the Committee Memorandum, the legislation to be discussed, witnesses, testimony, and a live webcast will be posted HERE as they become available.