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NY S00803
NY S00803Relates 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 relates to price gouging and defines what constitutes an "unconscionably excessive price" during an abnormal disruption of the market, such as a state of emergency declared by the governor. The bill provides several scenarios where a price would not be considered "unconscionably excessive," including if it is 10% or less above the seller's prior price, the current price outside the affected area, or the seller's costs plus the usual markup. The Attorney General can seek an injunction and civil penalties of up to $25,000 for violations of the price gouging prohibition.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO CONSUMER 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=S00803&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 01/09/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00803&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00803 | 01/09/2019 |
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