There’s nothing like voting on hard-to-enforce punishments for ill-defined offenses to show you’re serious about something or other. (CNN link defunct.)
Worried about the political heat from high gasoline prices, the House is preparing to vote as early as Wednesday on a bill that would impose criminal and civil penalties on any energy company caught price gouging.
The legislation, offered by Rep. Heather Wilson, R-New Mexico, calls for penalties of up to $150 million for refiners and other wholesalers and $2 million for retailers. [...]
With gasoline topping $3 a gallon across much of the country, lawmakers have been scrambling to put together legislation aimed at soothing public anger, hoping to demonstrate that Congress was doing something about high energy costs.
This should be as effective as Jim Talent’s $100 rebate pacifier idea.
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