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Bill > HB5897


MI HB5897

MI HB5897
Trade: 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
07/30/2024
In Committee
12/18/2024
Crossed Over
12/13/2024
Passed
Dead
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 businesses from charging excessively increased prices for certain energy products and services, such as gasoline, propane, and home heating oil, during a market disruption. The bill provides the Attorney General and local prosecutors the power to investigate and enforce violations, including through civil fines and class action lawsuits on behalf of affected consumers. The bill also establishes criminal penalties for intentional violations. The remedies provided in the bill are cumulative, and it does not limit the Attorney General's ability to investigate and impose liability under other consumer protection laws.

Committee Categories

Business and Industry, Government Affairs

Sponsors (2)

Last Action

Referred To Committee On Government Operations (on 12/18/2024)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Consumer Safety and Consumer Fraud
Energy
  • ‐ Natural Gas and Oil

bill text


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