PRICE Act

1) What happened: On April 27, 2026, Rep. Goldman (D-NY) introduced HR8510, the PRICE Act, which was referred to the House Committee on Energy and Commerce. The bill requires third-party delivery platforms (DoorDash, Uber Eats, Grubhub) to calculate delivery fees using a methodology determined by the FTC, with full transparency requirements. The bill is in the earliest legislative stage — introduced and referred to committee with only 3 cosponsors, all Democrats. 2) The money trail: This bill does not authorize or appropriate any federal funding. It imposes a regulatory mandate on private companies. The economic impact is entirely compliance costs and potential revenue constraints for affected platforms. No taxpayer dollars are involved. 3) Structural winners and losers: The clear losers are third-party delivery platforms that rely on dynamic delivery fee pricing. DoorDash ($DASH) is the most exposed as a pure-play delivery company. Uber ($UBER) has diversification through mobility and freight. Grubhub is the most vulnerable given its smaller scale and market position. Retail establishments and restaurants are structural beneficiaries — the bill reduces their exposure to opaque or variable delivery fees that can deter customers. 4) Competitive landscape: DoorDash dominates US food delivery with ~65% market share. Uber Eats holds ~25%, and Grubhub ~10%. The bill's uniform pricing mandate would disproportionately impact DoorDash's ability to use dynamic pricing as a competitive advantage. However, all platforms face the same compliance burden, so relative competitive positions may not shift dramatically. 5) Timeline: The bill is at the earliest stage — referred to committee with no hearings scheduled. The 119th Congress runs through January 2027. For this bill to become law, it must pass the House Energy and Commerce Committee, pass the full House, pass the Senate, and be signed by the President. Given the partisan sponsorship (all Democrats) and the current Republican-controlled House, passage probability is very low in this Congress.