119th (2025–2027)
H.R. 6318
The No GOUGE Act prohibits companies from engaging in price gouging on goods subject to tariffs that took effect on or after January 20, 2025, for a five-year period following each tariff's implementation. Companies cannot raise prices on tariffed goods by more than the actual costs generated by the tariff itself, unless they can demonstrate additional legitimate business costs unrelated to executive compensation or stock buybacks. The law applies to final products, components, and U.S.-assembled goods containing tariffed parts, but exempts small businesses with parent companies earning less than $100 million annually (adjusted annually for inflation). Enforcement falls to the Federal Trade Commission, which treats violations as unfair or deceptive practices under existing law, with state attorneys general also authorized to bring civil lawsuits on behalf of residents. The FTC must establish a consumer reporting mechanism within 180 days and issue annual reports on enforcement activities and pricing impacts, while the International Trade Commission and Bureau of Labor Statistics must jointly report annually on pricing changes by large companies.