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Carter Applauds House Action To Help Lower Gas Prices, Condems Democrats For Failure To Encourage New Refineries

05/03/06

Washington, May 3, 2006 -  U.S. Representative John Carter (TX-31) voted in strong support of two pieces of legislation that will help address our nation’s energy challenges. The House passed the Federal Energy Price Protection Act, whichprohibits price gouging at any time in the market for gasoline, diesel fuel, crude oil, home heating oil, and biofuels. Unfortunately, the House failed to pass the Refinery Permit Process Schedule Act, which would encourage the building of new oil refineries in the U.S. by providing stability for companies as they make long-term decisions to expand refining capacity.

“I am disappointed that the Democrats chose to place politics above the needs of the American people in voting against the Refinery Permit Process Schedule Act. Without expanded exploration of oil in our own country, we will continue to struggle to keep energy costs affordable,” Congressman Carter said.

Congressman Carter continued, “I am proud to have supported the Federal Energy Price Protection Act which will protect individuals and families from price gouging at the pump. This is an illegal activity that will not be tolerated by federal, state, or local authorities.”

Specifically, the Federal Energy Price Protection Act does the following:

· Directs the Federal Trade Commission (FTC) to define “price gouging,” “wholesale sale” and “retail sale” through rule-making within six months of enactment;

· Provides for strong civil enforcement by the FTC and by states’ attorneys general, and criminal enforcement by the U.S. attorney general and the Department of Justice; and,

· Provides for both civil and criminal penalties for price gouging.