# 119-s-2321: Price Gouging Prevention Act of 2025

119-s-2321, Price Gouging Prevention Act of 2025, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-2321
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2321
- Congress: 119
- Title: Price Gouging Prevention Act of 2025
- Status: introduced
- Introduced: 2025-07-17
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 9
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**This bill would create a federal rule to *prevent price gouging during exceptional market shocks* by banning sales at "grossly excessive" prices, adding SEC disclosure rules for affected public companies, and giving the FTC funding to enforce the law.** - Families and everyday buyers would get stronger protections when markets face disasters or other shocks because sellers could not charge grossly excessive prices for goods or services during those periods. - Businesses that sell goods or services would face a new prohibition on grossly excessive pricing with rebuttable defenses, revenue-based penalty caps, and inflation-adjusted baselines. - Public companies would have to file detailed SEC disclosures after an exceptional market shock, including changes in volume, price, costs, margins, and a narrative explaining large price increases. The SEC must issue final rules within 180 days. - Regulators would gain expanded enforcement tools. The Federal Trade Commission would treat violations as unfair or deceptive acts and could seek injunctions, penalties, damages, and restitution. State attorneys general would also be able to bring enforcement actions and coordinate with the FTC. *Provides $1.0 billion in Treasury funding to the FTC for FY2025 through 2033, increasing federal spending to support enforcement.*

## Cosponsors (9)

- Sen. Baldwin, Tammy [D-WI] (D-WI), 2025-07-17T00:00:00.000Z
- Sen. Blumenthal, Richard [D-CT] (D-CT), 2025-07-17T00:00:00.000Z
- Sen. Fetterman, John [D-PA] (D-PA), 2025-07-17T00:00:00.000Z
- Sen. Kim, Andy [D-NJ] (D-NJ), 2025-07-17T00:00:00.000Z
- Sen. Markey, Edward J. [D-MA] (D-MA), 2025-07-17T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-07-17T00:00:00.000Z
- Sen. Sanders, Bernard [I-VT] (I-VT), 2025-07-17T00:00:00.000Z
- Sen. Slotkin, Elissa [D-MI] (D-MI), 2025-07-17T00:00:00.000Z
- Sen. Whitehouse, Sheldon [D-RI] (D-RI), 2025-07-17T00:00:00.000Z

## Provisions PRIA read

- Ban on extreme prices during shocks: benefit, medium. If enacted, the bill would make it illegal to sell goods or services at a "grossly excessive price." The FTC would have 180 days to write rules defining market prices and what counts as grossly excessive. The FTC is told to consider treating prices at or above 120% of the six‑month market average a…
- New SEC pricing disclosures after shocks: benefit, medium. If enacted, public companies that had an "exceptional market shock" quarter would need to add tables and a narrative to their next 10‑Q or 10‑K filing. Required items include percent changes in volumes and average prices by category, gross margins by category, how much revenue change came from cost…
- Stronger FTC enforcement and $1 billion: mixed, high. If enacted, price‑gouging violations would be treated as unfair or deceptive acts under the FTC Act. The FTC could sue in federal court for injunctions, civil penalties, restitution, and damages. State attorneys general could also sue, but generally must notify the FTC first and the FTC may limit d…
- New market-power test and small-business defense: mixed, medium. If enacted, the bill would define who has "unfair leverage." One test is an ultimate parent with at least $1,000,000,000 in U.S. revenue in the prior 12 months (that threshold would be adjusted by CPI starting Jan 1, 2026). A presumption of dominance also exists if a seller has 40% or more market s…

## Related bills

- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act
- 119-s-5108: Right to IVF Act of 2026
- 119-s-1503: Equality Act

## Sources
- [119-s-2321 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2321)

## Related
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [119-s-5108: Right to IVF Act of 2026](https://policyrisk.com/legislation/119-s-5108)
- [119-s-1503: Equality Act](https://policyrisk.com/legislation/119-s-1503)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2321 (as of 2026-09-10).