No GOUGE Act

HR 6318, the No GOUGE Act, prohibits large businesses from excessively raising prices on goods affected by tariffs or planned tariffs (e.g., imports subject to new tariffs) for five years after the tariff takes effect. It specifically targets companies with over $100 million in U.S. revenue, banning price hikes that exceed the actual cost of the tariff plus legitimate operational expenses (excluding executive pay or stock buybacks). The Federal Trade Commission (FTC) enforces this by presuming violations if large firms (over $1 billion revenue) raise prices beyond pre-tariff averages during "tariff shock" periods, though companies can rebut this by proving costs were genuinely tied to the tariff. The law aims to prevent price gouging by ensuring tariff costs - not profit motives - drive price changes for consumers.