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Bill > HB1259

CO HB1259

Price Gouging in Rent Declared Disaster

summary

Introduced
02/13/2024
In Committee
03/26/2024
Crossed Over
05/29/2024
Passed
05/29/2024
Dead
Signed/Enacted/Adopted
06/05/2024

Introduced Session

2024 Regular Session

Bill Summary

CONCERNING PRICE GOUGING IN HOUSING RENTAL PRICES DURING A DECLARED DISASTER.

AI Summary

This bill prohibits price gouging in rent-based housing during a declared disaster. It defines "price gouging" as an increase in rent that exceeds the greater of the previous year's percentage increase or 10% compared to the pre-disaster rent. The bill allows the Attorney General, District Attorney, or an affected tenant to enforce the prohibition through civil action, with successful plaintiffs awarded statutory damages, attorney's fees, and costs. The bill applies during the disaster period, which lasts one year from the initial disaster declaration, and within the designated geographic area covered by the declaration.

Committee Categories

Housing and Urban Affairs

Sponsors (42)

Kyle Brown (D)*,  Lisa Cutter (D)*,  Michael Weissman (D)*,  Judith Amabile (D),  Jennifer Bacon (D),  Shannon Bird (D),  Andrew Boesenecker (D),  Janet Buckner (D),  Chad Clifford (D),  Monica Duran (D),  Tony Exum (D),  Meg Froelich (D),  Lorena García (D),  Julie Gonzales (D),  Eliza Hamrick (D),  Tim Hernández (D),  Leslie Herod (D),  Nick Hinrichsen (D),  Sonya Jaquez Lewis (D),  Iman Jodeh (D),  Junie Joseph (D),  Chris Kennedy (D),  Cathy Kipp (D),  Chris Kolker (D),  Sheila Lieder (D),  Mandy Lindsay (D),  William Lindstedt (D),  Javier Mabrey (D),  Julia Marvin (D),  Julie McCluskie (D),  Karen McCormick (D),  Dafna Michaelson Jenet (D),  Jennifer Parenti (D),  Manny Rutinel (D),  Emily Sirota (D),  Tammy Story (D),  Brianna Titone (D),  Elizabeth Velasco (D),  Stephanie Vigil (D),  Jenny Willford (D),  Faith Winter (D),  Steven Woodrow (D), 

Last Action

Governor Signed (on 06/05/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1259
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1259_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1259_enr.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1259_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1259_rev.pdf
Second Reading Amendment L.011 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5A27E8A6C4AB00AB87258AFB005F9E42/HB1259_L.011.pdf
Second Reading Amendment L.008 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/B518ECCBED28DDEE87258AEC007CD31A/HB1259_L.008.pdf
Second Reading Amendment L.012 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/652358D98C20C25087258AFB0050FDA7/HB1259_L.012.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1259_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1259_eng.pdf
Second Reading Amendment L.007 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/0EE818D8A5C400B687258ADA0066DDAE/HB1259_L.007.pdf
House Transportation, Housing & Local Government Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/53AFBE730C90EFE487258ACF0075F584/HB1259_L.001.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1259_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1259_01.pdf
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