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To amend title XVIII of the Social Security Act to limit the penalty for late enrollment under part B of the Medicare Program to 15 percent and twice the period of no enrollment, and to exclude periods of COBRA, retiree, and VA coverage from such late enrollment penalty.
The Fair Grocery Pricing Act prohibits food producers from using algorithmic systems to manipulate food prices or supply.
If you produce food and use algorithms for pricing, you must ensure compliance with this act to avoid penalties.
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Affected Industries
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What This Means
The Fair Grocery Pricing Act aims to prevent food producers from using algorithmic systems to artificially inflate prices or reduce supply, impacting pricing strategies within the food industry.
Key Provisions
- Prohibits food producers from using algorithmic systems to inflate prices.
- Prohibits food producers from using algorithmic systems to reduce supply.
- Targets practices that exploit market dynamics through automated decision-making.
Latest Legislative Action
Referred to the Subcommittee on Health.
Bill Sponsors (showing 5 of 20)
| Name | Role | District |
|---|---|---|
| Ann Kuster D | Sponsor | HD-NH-2 |
| Bobby Rush D | Sponsor | HD-IL-1 |
| Brian Babin R | Sponsor | HD-TX-36 |
| Ed Perlmutter D | Sponsor | HD-CO-7 |
| Eleanor Norton D | Sponsor | HD-DC |
Compliance Checklist
Who: Food producers
Penalty: Potential penalties for non-compliance not specified.
Full Legal Analysis
Official Source
Related Topics
Affected Industries
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