Unlike many here, I was around when Jimmy Carter was president and inflation was running rampant. It was REALLY bad!
There is more to this bill than the title reveals, which is the usual case. It is more about opening the door to price controls and this is what caused things to go very bad back then (also, think Venezuela a once prosperous country ).
Even Clinton-era Treasury Secretary Larry Summers called the price-gouging bill “dangerous nonsense” that could lead to supply shortages in an interview with Bloomberg last week
There is usually more to the story than what the headline says. I am sure that this is not welcome news to some, so I will just leave this here and take my leave.