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Bill > SB0956
MI SB0956
MI SB0956Trade: business practices; excessively increased pricing for energy products and services during a market disruption; prohibit. Creates new act. TIE BAR WITH: SB 0954'24, SB 0955'24
summary
Introduced
06/26/2024
06/26/2024
In Committee
12/12/2024
12/12/2024
Crossed Over
12/12/2024
12/12/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd 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 excessive pricing of certain energy products and services, such as gasoline, propane, and home heating oil, during periods of market disruption. It provides remedies and penalties, including allowing the Attorney General to bring class action lawsuits and impose civil fines. The bill also grants the Attorney General investigative powers and allows for criminal penalties for intentional violations. The provisions of this bill are contingent on the enactment of two other Senate bills, 954 and 955.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (2)
Last Action
Referred To Committee On Government Operations (on 12/12/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Consumer Safety and Consumer Fraud
Energy
- ‐ Natural Gas and Oil
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://legislature.mi.gov/Bills/Bill?ObjectName=2024-SB-0956 | 06/26/2024 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billengrossed/Senate/htm/2024-SEBS-0956.htm | 12/12/2024 |
| Fiscal Note/Analysis - Senate: SUMMARY OF BILL REPORTED FROM COMMITTEE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0954-F.pdf | 12/08/2024 |
| Fiscal Note/Analysis - Senate: SUMMARY OF INTRODUCED BILL IN COMMITTEE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0954-G.pdf | 10/08/2024 |
| BillText | https://legislature.mi.gov/documents/2023-2024/billintroduced/Senate/htm/2024-SIB-0956.htm | 06/26/2024 |
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