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Bill > A00237
NY A00237
NY A00237Relates to price gouging; defines unconscionably excessive price for the purposes of prohibiting price gouging during abnormal disruption of the market.
summary
Introduced
01/09/2019
01/09/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to price gouging The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill amends New York's general business law to define what constitutes an "unconscionably excessive price" during an "abnormal disruption of the market" for consumer goods and services. It prohibits selling such goods or services at prices that are more than 10% above the seller's pre-emergency price, comparable prices outside the affected area, the seller's acquisition/replacement cost plus their usual markup, or prices set by fluctuations in commodity markets or pre-existing contracts. The Attorney General can seek civil penalties and restitution for violations.
Committee Categories
Business and Industry
Sponsors (6)
Ed Braunstein (D)*,
Aileen Gunther (D),
Andrew Hevesi (D),
Michael Miller (D),
Al Stirpe (D),
Fred Thiele (D),
Last Action
referred to consumer affairs and protection (on 01/08/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A00237&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 01/07/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A00237&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00237 | 01/07/2019 |
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