United States 119th Congress Status: In Committee 1 D cosponsors

HR 4720 — Cracking Down on Price Gouging Act

Last action — Referred to the House Committee on Financial Services.

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced July 23, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

Sections of law this bill changes

1 section in 1 law

From the bill's own amending language, matched to the official United States Code (current through Public Law 119-121).

Defense production · 50 U.S.C. ch. 55 1 section
  • § 4512 Hoarding of designated scarce materials Amends

    50 U.S.C. § 4512

    The law today

    In order to prevent hoarding, no person shall accumulate (1) in excess of the reasonable demands of business, personal, or home consumption, or (2) for the purpose of resale at prices in excess of prevailing market prices, materials which have been designated by the President as scarce materials or materials the supply of which would be threatened by such accumulation. The President shall order published in the Federal Register, and in such other manner as he may deem appropriate, every designation of materials the accumulation of which is unlawful and any withdrawal of such designation. In making such designations the President may prescribe such conditions with respect to the accumulation of materials in excess of the reasonable demands of business, personal, or home consumption as he deems necessary to carry out the objectives of this chapter. This section shall not be construed to limit the authority contained in sections 4511 and 4554 of this title.

    1 other bill also changes this section · Follow it → Official text at uscode.house.gov ↗

How this bill changes current law

10 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill strengthens prohibitions against price gouging of certain materials under the Defense Production Act of 1950.

  • 50 U.S.C. § 4512

    In → (a) Prohibition on Hoarding and Price Gouging of Certain Materials or Goods.--In

    Changes the introduction of the section to specify that it addresses both hoarding and price gouging.

  • 50 U.S.C. § 4512

    prevent hoarding → prevent hoarding and price gouging

    Adds price gouging to the objectives of the section.

  • 50 U.S.C. § 4512

    accumulate (1) → (1) accumulate

    Modifies the structure of the sentence for clarity.

  • 50 U.S.C. § 4512

    for the purpose of resale at prices in excess of prevailing market prices → sell or offer to sell at prices that grossly exceed prevailing market prices for the same or similar materials or critical goods in the trade area or at an unfairly excessive price

    Clarifies and broadens the prohibition on price gouging.

  • 50 U.S.C. § 4512

    accumulation. → accumulation, or any critical good under an acute shortage.

    Extends the context of accumulation to include critical goods during shortages.

  • 50 U.S.C. § 4512

    scarce

    Specifies that the designation of materials includes the term 'scarce'.

  • 50 U.S.C. § 4512

    (b) Unfairly Excessive Price.--

    Introduces a new subsection defining what constitutes an unfairly excessive price.

  • 50 U.S.C. § 4512

    (c) Definitions.--In this section:

    Adds definitions for key terms relevant to the prohibitions in the section.

  • 50 U.S.C. § 4512

    (A) a disease;

    Includes diseases as a factor causing an acute shortage.

  • 50 U.S.C. § 4512

    Any person who willfully performs any act prohibited by the provisions of section 102 or any rule, regulation, or order thereunder, shall, upon conviction, be fined the greater of $20,000 or 300 percent of the revenue generated in violation of such section.

    Establishes penalties for violations of the prohibitions on price gouging.

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

Show all 546 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance healthcare labor energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HR 4720?
HR 4720 is sponsored by Riley, Josh (Democratic).
What is the current status of HR 4720?
This bill is in committee in the House. Introduced July 23, 2025. It must pass committee before a floor vote.
Where can I track HR 4720?
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