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MI SB0955

MI SB0955
Trade: business practices; excessively increased pricing for certain goods and services during a declared state of emergency; prohibit. Creates new act. TIE BAR WITH: SB 0954'24, SB 0956'24


summary

Introduced
06/26/2024
In Committee
12/12/2024
Crossed Over
12/12/2024
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to prohibit excessive pricing for certain commodities and emergency services and supplies during a declared state of emergency; 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, the "Commodities and Emergency Services and Supplies Pricing Protection Act," prohibits businesses from charging excessively increased prices for certain goods and services, such as building materials, consumer food items, emergency supplies, and medical supplies, during or after a declared state of emergency. The bill gives the Attorney General and local prosecutors the authority to investigate potential violations and take appropriate legal action, including civil penalties and criminal charges. The bill also allows the state, political subdivisions, and public agencies to seek injunctive relief and damages for violations. The remedies provided in the act are cumulative, and the bill does not limit the Attorney General's ability to investigate or impose liability under other consumer protection laws.

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
Macroeconomics
  • ‐ Price Control and Stabilization

bill text


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