Media Advisory: Sens. Merkley, Warren, and Booker and Rep. Schakowsky Join Unrig Our Economy to Call for Swift Action on Corporate Price Gouging
WASHINGTON DC — On Thursday, July 14, 2022 at 12:15 PM, Senator Jeff Merkley, Senator Elizabeth Warren, Senator Cory Booker, and Congresswoman Jan Schakowsky will join Unrig Our Economy to discuss key pieces of legislation they are sponsoring to combat corporate price gouging. The press conference comes a day after the release of the July Consumer Price Index report, which is expected to show continued high inflation at a time when corporations are raking in record profits.
The Members will highlight legislation that they have introduced to combat price gouging and corporate greed. These include:
the Price Gouging Prevention Act, which would prohibit price gouging during abnormal market disruptions like periods of high inflation;
the Big Oil Windfall Profits Tax Act, which would tax the windfall profits of the biggest oil companies to fund quarterly rebates for consumers,
the Food and Agribusiness Merger Moratorium and Antitrust Review Act of 2022, which would place a moratorium on acquisitions and mergers in the food and agriculture sector and rein in anticompetitive practices that hurt consumers, and;
the Ending Corporate Greed Act, which would impose a 95 percent tax on the windfall profits of corporations with more than $500 million in annual revenue.
WHAT: End Corporate Price Gouging Press Conference
WHEN: Thursday, July 14, 2022, 12:15pm ET
Senator Jeff Merkley (D-OR)
Senator Elizabeth Warren (D-MA)
Senator Cory Booker (D-NJ)
Congresswoman Jan Schakowsky (D-IL9)
Constitution Ave. and Delaware Ave. NE
Washington, DC 20002