Amazon Calls For Federal Law Against Price-Gouging
Amazon’s vice president of public policy Brian Huseman is calling for a federal law against price-gouging as the online retailer deals with a deluge of complaints related to the practice. While many states have laws against price-gouging, the definitions are not uniform, and some states have no laws prohibiting the practice at all. Speaking for Amazon, Huseman wants a federal law to give the Federal Trade Commission the authority to punish “scammers” without punishing legitimate price increases.
“Put simply, we want to avoid the $400 bottle of Purell for sale right after an emergency goes into effect, while not punishing unavoidable price increases that emergencies can cause, especially as supply chains are disrupted,” Huseman wrote.