SPONSORED:

Trump signs executive order to prevent price gouging, hoarding of medical supplies

Trump signs executive order to prevent price gouging, hoarding of medical supplies
© Getty Images

President TrumpDonald John TrumpTrump admin to announce coronavirus vaccine will be covered under Medicare, Medicaid: report Election officials say they're getting suspicious emails that may be part of malicious attack on voting: report McConnell tees up Trump judicial pick following Supreme Court vote MORE signed an executive order Monday aimed at preventing price gouging and hoarding of critical medical supplies amid the coronavirus outbreak.

Attorney General William BarrBill BarrPolice accountability board concludes that Seattle police officers used excessive force during encounters with protesters Trump hasn't asked Barr to open investigation into Bidens, McEnany says Seattle, Portland, NYC sue Trump administration over threat to pull federal money MORE detailed the executive order at a White House briefing Monday evening, saying it would prohibit people from accumulating critical supplies amid the coronavirus outbreak in an effort to profit off of them.

Barr said the Department of Justice (DOJ) had seen potential evidence of hoarding and price gouging amid the pandemic.

ADVERTISEMENT

Trump is authorized under the Defense Production Act to prohibit hoarding of needed resources by designating them as scarce or threatened by people accumulating excessive amounts, Barr said.

The executive order signed by Trump on Monday gives Health and Human Services (HHS) Secretary Alex Azar the authority to designate certain supplies as critical, meaning those found to be hoarding or price gouging such equipment could face criminal action, Barr said.

“Once specific materials are so designated, persons are prohibited from accumulating those items in excess of reasonable personal or business needs or for the purpose of selling them in excess of prevailing market prices,” Barr said.

“It is a crime to engage in prohibited activity,” the attorney general continued.

No materials have been designated as critical, Barr said, but the DOJ and HHS are working together to identify possible cases where hoarding is hampering response efforts amid the coronavirus outbreak.

ADVERTISEMENT

White House press secretary Stephanie GrishamStephanie GrishamMelania Trump cancels campaign appearance over 'lingering cough' The Memo: Trump grapples with credibility gap in crisis President Trump, Melania Trump test positive for COVID-19 MORE tweeted a photo of Trump earlier signing the executive order alongside Barr and Azar in the Oval Office.