Bill

Bill > S1041


ID S1041

ID S1041
Amends existing law to revise provisions regarding excessive increased prices during an emergency.


summary

Introduced
01/27/2021
In Committee
03/15/2021
Crossed Over
02/10/2021
Passed
03/16/2021
Dead
Signed/Enacted/Adopted
03/17/2021

Introduced Session

2021 Regular Session

Bill Summary

CONSUMER PROTECTION -- Amends existing law to revise provisions regarding excessive increased prices during an emergency.

AI Summary

This bill amends the existing law to revise provisions regarding excessive increased prices during an emergency. It clarifies that the law applies to increases in the price of fuel, food, pharmaceuticals, or water for human consumption sold to the ultimate consumer, rather than just the "ultimate consumer." The bill also specifies that the court should consider the increased costs of doing business and increased prices due to loss of sales or volume when determining if a price increase is excessive. Additionally, it states that there is no private cause of action under this provision. The bill declares an emergency, allowing it to take effect immediately upon passage and approval.

Committee Categories

Business and Industry, Justice

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Commerce and Human Resources Committee (Senate)

Last Action

Session Law Chapter 57 Effective: 03/17/2021 (on 03/17/2021)

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