|Received:||5/4/2008 9:48:13 AM|
|Agency:||Federal Trade Commission|
|Rule:||Prohibitions On Market Manipulation and False Information in Subtitle B of the Energy Independence and Security Act of 2007|
Comments:Market Manipulation P082900 I support legislation allowing a ban on price gouging during national energy emergencies, giving the President authority to declare that emergency. Give the Federal Trade Commission and State AGs and the Department of Justice the ability to levy civil and criminal penalties for proven price gouging up to $3 million and 5 years in jail. Put in place a new ban on market manipulation and giving false information to the FTC or the Department of Justice. Give the FTC the authority to levy fines up to $1 million for each violation of market manipulation.