1 year ago, the price of a gallon of gasoline in America was $1.94. The day before Hurricane Katrina struck, it was $2.61. This difference shows that exorbitant increases began even before Katrina wreaked havoc on our economy. The day after Katrina, prices jumped to $3.07. Today, our constituents are looking toward their elected representatives to rein in gas prices once and for all. Earlier this year, we passed up a golden opportunity to protect Americans from price gouging when we enacted the first energy bill. If we pass this energy bill in its current form, we pass up that opportunity a second time. Let us not make the same mistake twice. In that spirit, we offer this motion to recommit, which attacks soaring gas prices head on. Our motion achieves this objective by investing new authority in the FTC to investigate, enforce and then punish price gouging and market manipulation. Specifically, our motion prohibits the sale of crude oil, gasoline, natural gas or any other petroleum distillates at a price that is considered either unconscionably excessive or indicates the seller is taking unfair advantage of the circumstances to increase prices unreasonably. Any violation will result in new civil penalties, and will be enforced with up to triple the damages of the profits gained by the violation.…
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More from Timothy H. Bishop
My fondest hope as I leave the Congress is that the way in which this committee has conducted its business will come to characterize the way the Congress as a whole conducts its business.
So I guess my fundamental question, Mr. Poltak, is if the EPA is willing to do it for the communities that I have cited, and I am sure there are others, why is it that there is not the capacity to do it for other communities?
The second trend highlighted at this morning's hearing focuses back on the Congress and how the Federal Government has stopped making significant Federal investments in improving our Nation's water quality.
I am extremely concerned that this administration is once again trying to do an end-around Congress to expand Federal power under the Clean Water Act.





