No GOUGE Act
Term Dictionary
If you come across any unfamiliar words while reading, these resources can help make everything clearer. Pick whichever one works best for you!
- Congress.gov Legislative Glossary - Comprehensive congressional terms
- NVFC Congressional Terms Glossary - Concise, easy-to-understand definitions
The gist
Bans big companies from using Trump-era tariffs as an excuse to overcharge consumers. Price hikes can't exceed actual tariff costs.
Who wins, who loses
- Wins: shoppers, small businesses, state attorneys general gaining enforcement power.
- Loses: large corporations (over $100M revenue), retailers passing extra markups onto consumers.
What it does
- Bans price hikes above actual tariff costs for 5 years after a tariff hits.
- Exempts small companies earning under $100 million in US gross revenue.
- Creates a 'presumption of violation' for billion-dollar companies during tariff shock periods.
- Lets the FTC and state attorneys general sue violators; bars using executive pay or stock buybacks as cost justification.
Why should I care?
Tariffs since January 2025 have raised costs on phones, clothes, and groceries teens buy. Supporters say corporations are pocketing extra profits and blaming tariffs. Critics argue the government shouldn't set prices and that compliance costs will hurt businesses. An alternative: simply repeal the tariffs themselves. Where do you land? Vote below and use "Tell Your Rep" to make sure your voice reaches Congress.