The Senate Banking Committee’s subcommittee on Economic Policy will be holding a hearing tomorrow entitled "Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.” This is the second hearing on this topic convened by the Committee; on 2 May, the hearing was Higher Prices: How Shrinkflation and Technology Can Impact Consumers’ Finances.” The panel’s Chairman Sherrod Brown (D-OH) introduced the Shrinkflation Prevention Act in February. Recall, this was a major theme of President Biden’s State of the Union (SOTU) speech when he called for Congress to pass that piece of legislation, which would: Issue regulations to establish shrinkflation a...

TAGS – North America