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House OKs penalties for price gouging by energy firms
The House approved criminal penalties and fines up to 150 million dollars for energy companies price gouging in a 389 to 34 vote. The measure would create a nationwide price gouging law with jail terms for violators, while the Senate considers it. President Bush urged bipartisan action on long term energy concerns after meeting lawmakers at the White House. Rep Rick Boucher blamed refinery bottlenecks on refinery owners profiting from shortages.
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