Bill > HB1010

This bill expands the definition of "disaster" in Colorado law to include market disruptions, such as trade or production disruptions, and establishes clearer guidelines for preventing price gouging during declared disaster emergencies. Specifically, the bill defines price gouging as a price increase of more than 10% for essential goods or services compared to prices before the disaster began. The legislation allows for exceptions if sellers can prove the price increase is due to seasonal pricing. When the Governor declares a disaster emergency and specifically cites this provision, sellers who dramatically raise prices on essential goods and services can be considered engaging in a deceptive trade practice. The bill broadens the state's existing protections against excessive pricing during emergencies, giving consumers additional safeguards against potential exploitation during challenging times. The act will take effect 90 days after the final adjournment of the general assembly, with the possibility of a referendum, and would apply to conduct occurring on or after its effective date.

Business and Industry

https://leg.colorado.gov/bills/hb25-1010