Bill
Bill > A05850
NY A05850
NY A05850Relates to price gouging; defines unconscionably excessive price for the purposes of prohibiting price gouging during abnormal disruption of the market.
summary
Introduced
03/01/2021
03/01/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Relates to price gouging; defines unconscionably excessive price for the purposes of prohibiting price gouging during abnormal disruption of the market.
AI Summary
This bill amends the existing law on price gouging in New York. It defines an "unconscionably excessive price" and prohibits the sale of goods and services at such prices during an abnormal disruption of the market, such as a state of emergency declared by the governor. The bill provides specific criteria for determining whether a price is excessive, including allowing for prices up to 10% above the seller's pre-emergency price or the regional market price. The Attorney General can seek civil penalties and restitution for violations of the law.
Committee Categories
Business and Industry
Sponsors (6)
Ed Braunstein (D)*,
Judy Griffin (D),
Aileen Gunther (D),
Andrew Hevesi (D),
Al Stirpe (D),
Fred Thiele (D),
Last Action
referred to consumer affairs and protection (on 01/05/2022)
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://www.nysenate.gov/legislation/bills/2021/A5850 | 03/02/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05850&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05850 | 03/02/2021 |
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