,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #cfcg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #bd1 #bjbc,mr4   
,gallego introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,en]gy &      
,comm]ce  ,a ,,bill  ,to direct ! ,f$]al
 ,trade ,commission to promulgate       
regulations to prohibit an entity f     
sell+1 leas+1 or (f]+ = sale or lease   
wat] rights at an excessive price dur+  
c]ta9 dr\ghts1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,dr\ght-,relat$ ,ov]pric+ ,prev5tion    
,act or ! ,,drop ,act4  #b4 ,prohibition
 on wat] rights price g\g+  7a7         
,prohibition ,n lat] ?an #a ye> aft] !  
date ( ! enactm5t ( ?is ,act1 !         
,commission %all promulgate1 "u section 
#eec ( title #e1 ,unit$ ,/ates ,code1   
regulations to prohibit an entity f     
sell+1 leas+1 or (f]+ = sale or lease1  
at an excessive price1 wat] rights      
relat+ to an area subject to a cov]$    
dr\ght4  7b7 ,exemptions  7#a7 ,9 g5]al 
,9 promulgat+ regulations "u subsection 

7a71 ! ,commission %all exempt f su*    
regulations ! foll[+3 7,a7 ,an entity ) 
less ?an #ajj1jjj1jjj 9 gross rev5ues 9 
! ,unit$ ,/ates 7includ+ ! rev5ues ( any
 p>5t entity ( su* entity7 dur+ ! #a-ye>
 p]iod prec$+ ! date ( ! relevant sale1 
lease1 or (f]4  7,b7 ,a ,/ate gov]nm5t4 
7,c7 ,a local gov]nm5t4  7,d7 ,a ,tribal
 gov]nm5t4  7#b7 ,adju/m5ts = inflation 
,on an annual basis1 ! ,commission %all 
adju/ ! am\nt specifi$ 9 p>agraph       
7#a77;,a7 to reflect *anges 9 ! ,consum]
 ,price ,index = ,all ,urban ,consum]s  
publi%$ by ! ,bureau ( ,labor ,/ati/ics4
  7c7 ,excessive price det]m9ations     
7#a7 ,/&>ds requir$ ,9 promulgat+       
regulations "u subsection 7a71 !        
,commission %all e/abli% /&>ds = det]m9+
 if a price is excessive4  7#b7         
,det]m9ations ( excessive price ,! /&>ds
 e/abli%$ "u p>agraph 7#a7 %all provide 
= a price to be det]m9$ excessive if !  
,commission f9ds t ! relevant entity is 
sell+1 leas+1 or (f]+ = sale or lease   
wat] rights-- 7,a7 us+ a cov]$ dr\ght z 

a pretext to increase prices2 &  7,b7 at
 an inappropriately excessive price     
comp>$ to ! av]age price at :i* simil>  
wat] rights 7 sold1 leas$1 or (f]$ =    
sale or lease 7z ! case may be71 dur+ ! 
#abj-;day p]iod prec$+ su* cov]$ dr\ght1
 by-- 7i7 su* relevant entity2 or  7ii7 
by all sell]s 9 ! relevant m>ket4  7#c7 
,co/s n )9 control ( entity ,! /&>ds    
e/abli%$ "u p>agraph 7#a7 may ensure t  
an entity is n det]m9$ to be sell+1     
leas+1 or (f]+ = sale or lease wat]     
rights at an excessive price if ! entity
 demon/rates1 by cle> & conv9c+ evid5ce1
 t a relevant increase 9 price is       
directly attributable to co/s t are n )9
 ! control ( ! entity4  7d7 ,en=cem5t by
 ,commission  7#a7 ,unfair or deceptive 
acts or practices ,a violation ( !      
regulations promulgat$ "u subsection 7a7
 %all be treat$ z a violation ( a       
regulation "u section #ah7;a77#a77;,b7 (
 ! ,f$]al ,trade ,commission ,act 7#ae  
,u4,s4,c4 #eg;a7a77#a77;,b77 reg>d+     
unfair or deceptive acts or practices4  

7#b7 ,p[]s ( ,commission ,! ,commission 
%all en=ce ! regulations promulgat$ "u  
subsection 7a7 9 ! same mann]1 by ! same
 means1 & ) ! same jurisdiction1 p[]s1 &
 duties z ?\gh all applicable t]ms &    
provisions ( ! ,f$]al ,trade ,commission
 ,act 7#ae ,u4,s4,c4 #da et seq47 7     
incorporat$ into & made a "p ( ?is ,act4
 ,any p]son :o violates su* regulations 
%all be subject to ! p5alties & entitl$ 
to ! privileges & immunities provid$ 9 !
 ,f$]al ,trade ,commission ,act4  7e7   
,def9itions ,9 ?is section3 7#a7        
,commission ,! t]m ,commission means !  
,f$]al ,trade ,commission4  7#b7 ,cov]$ 
dr\ght ,! t]m cov]$ dr\ght means any ( !
 foll[+3 7,a7 ,z det]m9$ by !           
,commission 9 coord9ation ) ! ,unit$    
,/ates ,geological ,survey1 a wea!r     
patt]n & precipitation deficit t has    
cont9u$ = a p]iod 9 excess ( #f mon?s4  
7,b7 ,z det]m9$ by ! ,commission 9      
coord9ation ) ! ,bureau ( ,reclamation1 
a ,ti] #a or m sev]e %ortage designation
 ) respect to ! ,colorado ,riv]4