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Kiplinger
Kiplinger
Business
Erin Bendig

Harris Said She'd Ban Corporate Price Gouging. What Does That Mean?

Kamala Harris (Photo by Andrew Harnik/Getty Images).

Vice President Kamala Harris said as president she would work to pass a federal ban on corporate price gouging on food and groceries in an attempt to lower the cost of living for families across the nation. This would be a first-of-its-kind federal law, though many states have laws addressing price gouging, and is clearly in response to Americans' frustration over their grocery bills, where inflation is felt most widely. 

"My plan will include new penalties for opportunistic companies that exploit crises and break the rules," Harris said Friday at a campaign speech in Raleigh, North Carolina.

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