Bill > SB00458

This bill authorizes the Office of the Attorney General to investigate and take legal action against entities in the insurance, pharmaceutical, pharmacy benefit management (PBM), and utility sectors when they engage in price gouging. Specifically, the bill allows the Attorney General to launch investigations, intervene in cases, and bring civil or administrative lawsuits on behalf of the state when companies in these sectors demonstrate a pattern of pricing practices that are considered unfair. The legal actions can seek various forms of relief, including injunctions, declaratory judgments, damages, and other remedies available under existing law. The primary goal of the legislation is to protect residents from pricing practices that potentially compromise the affordability and accessibility of critical services. Price gouging is broadly defined as an exploitative pricing strategy where companies charge excessively high prices for essential goods or services, often taking advantage of market conditions or consumer needs. By empowering the Attorney General's office with these investigative and legal capabilities, the bill aims to create greater accountability in these important sectors and deter predatory pricing practices.

Justice

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00458&which_year=2025