February 02, 2023

Cortez Masto Pushes Administration to Take Action on Soaring Egg Prices, Protect Nevadans from Potential Price Gouging

Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) is calling on the Federal Trade Commission and the U.S. Department of Agriculture to take action on rising egg prices and protect Nevada families and businesses from potential price gouging. Egg prices in Nevada are well above the national average, at over $6 per dozen, and Cortez Masto is urging the Administration to work together to bring down costs.

“As grocery prices for essential items continue to rise, I echo recent calls for the Biden Administration to examine the markets and investigate any potential unlawful price manipulation in the egg industry,” wrote Senator Cortez Masto. “…I urge both of your agencies to bolster coordination and oversight efforts to ensure that American families and small businesses are receiving fair prices at the grocery store.”

In the letter, Cortez Masto pushes the agencies to provide “clear and constant communication to the public regarding updates on efforts taken to combat this market volatility” and requests timely “recommendations for action items that Congress can pursue to provide any necessary assistance.”

She concluded, “Because today’s high egg prices stem from a multitude of factors, including the avian flu, it is imperative for the Administration to leverage all available resources and reports to expose any unfair pricing.”

The full letter can be found here.

Senator Cortez Masto has led efforts in the Senate to lower costs for Nevadans, leading bicameral legislation to protect consumers from energy market manipulation, calling out Big Oil and gas companies for price gouging and using their record profits to reward shareholders, and passing landmark legislation to lower prescription drug costs for seniors.