Tags: Coronavirus | Coronavirus Special | Donald Trump | Health Topics | Trump Administration | Cold/Flu | executive

Trump Signs Executive Order to Prevent Hoarding, Price Gouging


Monday, 23 March 2020 05:45 PM

President Donald Trump has signed an executive order making it a crime to excessively stockpile personal protective equipment that is needed by medical personnel fighting the coronavirus pandemic.

Attorney General William Barr told the daily coronavirus task force briefing, the Justice Department has already launched investigations into people who are hoarding supplies and price gouging. He says investigators will go after people who are "hoarding these goods on an industrial scale for the purpose of manipulating the market."

The executive order allows the president to designate some items as "scarce."

Barr says, "If you are sitting on a warehouse with surgical masks, you will be hearing a knock on your door."

No specific items have been identified yet and the Justice Department will work with Health and Human Services to enforce the president's order.

Price gouging has begun to emerge as a byproduct of the pandemic. On Monday, Amazon said it had suspended some 3,900 selling accounts in its U.S. store alone for violating fair pricing policies. The company has been working with law enforcement and sharing information with states to help combat gouging on such items as masks, hand sanitizing liquids and the like.

© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
President Donald Trump has signed an executive order to prevent hoarding and price gouging for supplies needed to fight the global coronavirus pandemic, according to a White House spokeswoman.
executive, order, hoarding, price, gouging, pandemic
Monday, 23 March 2020 05:45 PM
Newsmax Media, Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved