Bill > S04565

This bill amends the existing law on price gouging in New York. It defines an "unconscionably excessive price" during an abnormal market disruption, such as a state of emergency declared by the governor, as any price that is more than 10% above the seller's previous price, comparable prices outside the affected area, the seller's acquisition or replacement cost plus their usual markup, or a pre-existing contract price. The attorney general can seek an injunction and impose civil penalties of up to $25,000 per violation or three times the gross receipts for the relevant goods or services, whichever is greater, as well as order restitution to affected parties.