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MI SB1136

MI SB1136
Trade: business practices; excessively increased pricing for energy products and services during a market disruption; prohibit. Creates new act.


summary

Introduced
06/30/2022
In Committee
06/30/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

101st Legislature

Bill Summary

A bill to prohibit excessive pricing for certain energy products and services during a period of market disruption; to provide remedies and penalties; and to provide for the powers and duties of certain state and local governmental officers and entities.

AI Summary

This bill creates the "Energy Pricing Protection Act" to prohibit businesses from charging excessively increased prices for certain energy products and services, such as gasoline, propane, or home heating oil, during a period of market disruption. The bill empowers the Attorney General and local prosecutors to investigate violations, issue subpoenas, and bring civil and criminal enforcement actions. The bill allows for civil fines up to $1 million per violation and criminal penalties of up to 1 year in jail or a $10,000 fine for individuals. Additionally, the bill enables the Attorney General to bring a class action lawsuit on behalf of affected consumers and provides for other remedies, including reimbursement of damages and injunctive relief.

Committee Categories

Transportation and Infrastructure

Sponsors (16)

Last Action

Referred To Committee On Energy And Technology (on 06/30/2022)

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