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underpants

(182,773 posts)

1. It's my understanding that the DPA has pricing controls in it.

Reply to babylonsister (Original post)

Fri Mar 27, 2020, 01:28 PM

Mar 2020

Yep

https://fortune.com/2020/03/26/trump-what-is-defense-production-act-enacted-dpa/

In addition to requiring that its orders be given priority, the government can create incentives for manufacturers, such as providing them with direct loans or loan guarantees; buy equipment for them; and waive antitrust restrictions that could discourage industry cooperation. The law allows the government to control the use of scarce resources, such as by requiring companies to reserve materials to fulfill federal orders. Hoarding and price gouging are barred for materials the president designates as scarce. Failing to comply with the law can lead to financial penalties or imprisonment.

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Highlight:

Trump Is Haggling Over Ventilator Prices While Coronavirus Patients Die [View all] babylonsister Mar 2020 OP

It's my understanding that the DPA has pricing controls in it. underpants Mar 2020 #1

Can we impeach him again for incompetence in the face of a national emergency? mitch96 Mar 2020 #2