Dear friend,
In the face of the painful rising cost of living, I am doing all I can to ease the strain for families and small business owners. The House took action this week to ensure that infant formula is available and affordable, and to tackle sky-high prices at the gas pump.
After the deaths of two babies from tainted baby formula and the closure of a major manufacturing plant for safety reasons, President Biden invoked the Defense Production Act to increase supply. The House also passed two bills to ensure that baby formula is safe, available and affordable.
On gas prices, the House passed the Consumer Fuel Price Gouging Prevention Act, which includes my amendment with Rep. Val Demings (FL10) to investigate price manipulation and ways to stabilize oil and gas prices during national crises. Gas prices surged after Russian President Vladimir Putin’s invasion of Ukraine, and Big Oil is taking advantage as well.
Big Oil CEOs and shareholders are raking in record profits, and not passing along savings to consumers. Meanwhile, companies are sitting on 9,000 unused permits and have advised that they do not intend to increase supply for fear of a precipitous price drop. So the House is taking critical steps to crack down on price gouging and excessive price increases by Big Oil companies.