UPDATE 2-US senator plans bill to ban fuel price gouging

Newswire

(Recasts with further detail from hearing) By Peter Kaplan WASHINGTON, May 23 (Reuters) - The Republican chairman of the U.S. Senate Commerce Committee said on Tuesday he was drafting a bill to ban excessive gasoline price increases, a day after the Federal Trade Commission said it had failed to find any illegal manipulation of fuel prices. Sen. Ted Stevens of Alaska disclosed plans for the legislation at a hearing in which lawmakers voiced frustration about rising fuel prices and ...

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