Enforcement by federal trade commission and department of justice

(a) Federal trade commission The Federal Trade Commission shall have authority to enforce section 201 in the same manner, by the same means, and with the same jurisdiction, powers, and duties as though all applicable terms and provisions of the Federal Trade Commission Act were incorporated into and made a part of this Act. (b) Department of justice The Attorney General may bring a civil action in an appropriate United States district court to enforce section 201, to seek injunctive relief, civil penalties, and restitution for affected consumers, and to obtain such other relief as the court may deem appropriate. (c) State enforcement preserved Nothing in this Act shall be construed to preempt any State law prohibiting price gouging or to limit the authority of any State attorney general to enforce such law. (d) Rulemaking The Federal Trade Commission may promulgate such rules as are necessary and appropriate to carry out this title, including rules further defining grossly excessive for purposes of section 201(a), specifically in the context of price effects attributable to the U.S.–Israel–Iran conflict.