10 | | - | ONCERNING A PROHIBITION AGAINST ENGAGING IN PRICE GOUGING . |
---|
11 | | - | |
---|
12 | | - | Be it enacted by the General Assembly of the State of Colorado: |
---|
13 | | - | SECTION 1. In Colorado Revised Statutes, 24-33.5-703, amend |
---|
14 | | - | (3) as follows: |
---|
15 | | - | 24-33.5-703. Definitions. As used in this part 7, unless the context |
---|
16 | | - | otherwise requires: |
---|
17 | | - | (3) "Disaster" means the occurrence or imminent threat of |
---|
18 | | - | widespread or severe damage, injury, or loss of life or property resulting |
---|
19 | | - | from any natural cause or cause of human origin, including but not limited |
---|
20 | | - | to fire; flood; earthquake; wind; storm; wave action; hazardous substance |
---|
21 | | - | NOTE: This bill has been prepared for the signatures of the appropriate legislative |
---|
22 | | - | officers and the Governor. To determine whether the Governor has signed the bill |
---|
23 | | - | or taken other action on it, please consult the legislative status sheet, the legislative |
---|
24 | | - | history, or the Session Laws. |
---|
25 | | - | ________ |
---|
26 | | - | Capital letters or bold & italic numbers indicate new material added to existing law; dashes |
---|
27 | | - | through words or numbers indicate deletions from existing law and such material is not part of |
---|
28 | | - | the act. incident; oil spill or other water contamination requiring emergency action |
---|
29 | | - | to avert danger or damage; volcanic activity; epidemic; air pollution; blight; |
---|
30 | | - | drought; infestation; explosion; civil disturbance; hostile military or |
---|
31 | | - | paramilitary action; |
---|
32 | | - | A MARKET DISRUPTION, INCLUDING A TRADE DISRUPTION |
---|
33 | | - | OR AN ATYPICAL DISRUPTION IN THE MARKET THAT AFFECTS PRODUCTION |
---|
34 | | - | , |
---|
35 | | - | DISTRIBUTION, OR CONSUMPTION OF A PRODUCT OR SERVICE ; or a condition |
---|
36 | | - | of riot, insurrection, or invasion existing in the state or in any county, city, |
---|
37 | | - | town, or district in the state. |
---|
38 | | - | SECTION 2. In Colorado Revised Statutes, 6-1-730, add (2.5) and |
---|
39 | | - | (3.5) as follows: |
---|
40 | | - | 6-1-730. Price gouging during declared disaster prohibited - |
---|
41 | | - | deceptive trade practice - legislative declaration - definitions. (2.5) I |
---|
42 | | - | F |
---|
43 | | - | THE GOVERNOR DECLARES A DISASTER EMERGENCY PURSUANT TO SECTION |
---|
44 | | - | 24-33.5-704 (4) AND THE DISASTER EMERGENCY DECLARATION CITES TO |
---|
45 | | - | THIS SUBSECTION |
---|
46 | | - | (2.5), A PRICE INCREASE IN THE SALE OR OFFER FOR SALE |
---|
47 | | - | OF ANY GOOD OR SERVICE LISTED IN SUBSECTION |
---|
48 | | - | (2) OF THIS SECTION |
---|
49 | | - | AMOUNTS TO PRICE GOUGING IF THE PRICE HAS INCREASED BY MORE THAN |
---|
50 | | - | TEN PERCENT OF THE PRICE AT WHICH THE SELLER SOLD OR OFFERED FOR |
---|
51 | | - | SALE SIMILAR GOODS OR SERVICES BEFORE THE DISASTER BEGAN OR |
---|
52 | | - | , IF THE |
---|
53 | | - | SELLER DID NOT SELL OR OFFER FOR SALE SIMILAR GOODS OR SERVICES |
---|
54 | | - | BEFORE THE DISASTER BEGAN |
---|
55 | | - | , THE PRICE AT WHICH A SIMILARLY SITUATED |
---|
56 | | - | SELLER SOLD OR OFFERED FOR SALE SIMILAR GOODS OR SERVICES BEFORE |
---|
57 | | - | THE DISASTER BEGAN |
---|
58 | | - | . |
---|
| 13 | + | ONCERNING A PROHIBITI ON AGAINST ENGAGING IN PRICE GOUGING .101 |
---|
| 14 | + | Bill Summary |
---|
| 15 | + | (Note: This summary applies to this bill as introduced and does |
---|
| 16 | + | not reflect any amendments that may be subsequently adopted. If this bill |
---|
| 17 | + | passes third reading in the house of introduction, a bill summary that |
---|
| 18 | + | applies to the reengrossed version of this bill will be available at |
---|
| 19 | + | http://leg.colorado.gov |
---|
| 20 | + | .) |
---|
| 21 | + | Under current law, a person engages in an unfair and |
---|
| 22 | + | unconscionable act or practice in violation of consumer protection laws |
---|
| 23 | + | (unfair act) if the person engages in price gouging during a declared |
---|
| 24 | + | disaster. The bill adds engaging in price gouging in the sale of necessities |
---|
| 25 | + | as an unfair act and creates a presumption that, if the price of a necessity |
---|
| 26 | + | is increased by 10% or more above the average price that the necessity |
---|
| 27 | + | cost during the 90 days preceding the price increase, the price increase |
---|
| 28 | + | amounts to price gouging. |
---|
| 29 | + | SENATE |
---|
| 30 | + | 3rd Reading Unamended |
---|
| 31 | + | April 4, 2025 |
---|
| 32 | + | SENATE |
---|
| 33 | + | Amended 2nd Reading |
---|
| 34 | + | March 31, 2025 |
---|
| 35 | + | HOUSE |
---|
| 36 | + | 3rd Reading Unamended |
---|
| 37 | + | March 10, 2025 |
---|
| 38 | + | HOUSE |
---|
| 39 | + | Amended 2nd Reading |
---|
| 40 | + | March 7, 2025 |
---|
| 41 | + | HOUSE SPONSORSHIP |
---|
| 42 | + | Zokaie and Brown, Clifford, Garcia, Mabrey, Rutinel, Smith, Stewart R., Velasco, Bacon, |
---|
| 43 | + | Boesenecker, Duran, English, Froelich, Jackson, Joseph, Lindsay, Sirota, Story, Titone, |
---|
| 44 | + | Willford |
---|
| 45 | + | SENATE SPONSORSHIP |
---|
| 46 | + | Weissman, Gonzales J., Coleman, Cutter, Danielson, Exum, Jodeh, Kipp, Kolker, |
---|
| 47 | + | Michaelson Jenet, Rodriguez, Sullivan, Wallace, Winter F. |
---|
| 48 | + | Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment. |
---|
| 49 | + | Capital letters or bold & italic numbers indicate new material to be added to existing law. |
---|
| 50 | + | Dashes through the words or numbers indicate deletions from existing law. The bill also defines "necessities" as goods or services that are |
---|
| 51 | + | necessary for the health, safety, and welfare of consumers or of the |
---|
| 52 | + | general public. |
---|
| 53 | + | Be it enacted by the General Assembly of the State of Colorado:1 |
---|
| 54 | + | SECTION 1. In Colorado Revised Statutes, 24-33.5-703,2 |
---|
| 55 | + | amend (3) as follows:3 |
---|
| 56 | + | 24-33.5-703. Definitions. As used in this part 7, unless the4 |
---|
| 57 | + | context otherwise requires:5 |
---|
| 58 | + | (3) "Disaster" means the occurrence or imminent threat of6 |
---|
| 59 | + | widespread or severe damage, injury, or loss of life or property resulting7 |
---|
| 60 | + | from any natural cause or cause of human origin, including but not8 |
---|
| 61 | + | limited to fire; flood; earthquake; wind; storm; wave action; hazardous9 |
---|
| 62 | + | substance incident; oil spill or other water contamination requiring10 |
---|
| 63 | + | emergency action to avert danger or damage; volcanic activity; epidemic;11 |
---|
| 64 | + | air pollution; blight; drought; infestation; explosion; civil disturbance;12 |
---|
| 65 | + | hostile military or paramilitary action; A MARKET DISRUPTION, INCLUDING13 |
---|
| 66 | + | A TRADE DISRUPTION OR AN ATYPICAL DISRUPTION IN THE MARKET THAT14 |
---|
| 67 | + | AFFECTS PRODUCTION, DISTRIBUTION, OR CONSUMPTION OF A PRODUCT OR15 |
---|
| 68 | + | SERVICE; or a condition of riot, insurrection, or invasion existing in the16 |
---|
| 69 | + | state or in any county, city, town, or district in the state.17 |
---|
| 70 | + | SECTION 2. In Colorado Revised Statutes, 6-1-730, add (2.5)18 |
---|
| 71 | + | and (3.5) as follows:19 |
---|
| 72 | + | 6-1-730. Price gouging during declared disaster prohibited -20 |
---|
| 73 | + | deceptive trade practice - legislative declaration - definitions. (2.5) IF21 |
---|
| 74 | + | THE GOVERNOR DECLARES A DISASTER EMERGENCY PURSUANT TO SECTION22 |
---|
| 75 | + | 24-33.5-704 (4) AND THE DISASTER EMERGENCY DECLARATION CITES TO23 |
---|
| 76 | + | THIS SUBSECTION (2.5), A PRICE INCREASE IN THE SALE OR OFFER FOR SALE24 |
---|
| 77 | + | 1010-2- OF ANY GOOD OR SERVICE LISTED IN SUBSECTION (2) OF THIS SECTION1 |
---|
| 78 | + | AMOUNTS TO PRICE GOUGING IF THE PRICE HAS INCREASED BY MORE THAN2 |
---|
| 79 | + | TEN PERCENT OF THE PRICE AT WHICH THE SELLER SOLD OR OFFERED FOR3 |
---|
| 80 | + | SALE SIMILAR GOODS OR SERVICES BEFORE THE DISASTER BEGAN OR, IF4 |
---|
| 81 | + | THE SELLER DID NOT SELL OR OFFER FOR SALE SIMILAR GOODS OR5 |
---|
| 82 | + | SERVICES BEFORE THE DISASTER BEGAN, THE PRICE AT WHICH A SIMILARLY6 |
---|
| 83 | + | SITUATED SELLER SOLD OR OFFERED FOR SALE SIMILAR GOODS OR7 |
---|
| 84 | + | SERVICES BEFORE THE DISASTER BEGAN .8 |
---|
61 | | - | PRICE SHALL NOT BE CONSIDERED UNREASONABLY EXCESSIVE IF THE SELLER |
---|
62 | | - | CAN PROVE THAT THE PRICE CHARGED BY THE SELLER IS DIRECTLY |
---|
63 | | - | ATTRIBUTABLE TO SEASONAL PRICING |
---|
64 | | - | . |
---|
65 | | - | SECTION 3. Act subject to petition - effective date - |
---|
66 | | - | applicability. (1) This act takes effect at 12:01 a.m. on the day following |
---|
67 | | - | the expiration of the ninety-day period after final adjournment of the |
---|
68 | | - | general assembly; except that, if a referendum petition is filed pursuant to |
---|
69 | | - | section 1 (3) of article V of the state constitution against this act or an item, |
---|
70 | | - | section, or part of this act within such period, then the act, item, section, or |
---|
71 | | - | part will not take effect unless approved by the people at the general |
---|
72 | | - | election to be held in November 2026 and, in such case, will take effect on |
---|
73 | | - | the date of the official declaration of the vote thereon by the governor. |
---|
74 | | - | PAGE 2-HOUSE BILL 25-1010 (2) This act applies to conduct occurring on or after the applicable |
---|
75 | | - | effective date of this act. |
---|
76 | | - | ____________________________ ____________________________ |
---|
77 | | - | Julie McCluskie James Rashad Coleman, Sr. |
---|
78 | | - | SPEAKER OF THE HOUSE PRESIDENT OF |
---|
79 | | - | OF REPRESENTATIVES THE SENATE |
---|
80 | | - | ____________________________ ____________________________ |
---|
81 | | - | Vanessa Reilly Esther van Mourik |
---|
82 | | - | CHIEF CLERK OF THE HOUSE SECRETARY OF |
---|
83 | | - | OF REPRESENTATIVES THE SENATE |
---|
84 | | - | APPROVED________________________________________ |
---|
85 | | - | (Date and Time) |
---|
86 | | - | _________________________________________ |
---|
87 | | - | Jared S. Polis |
---|
88 | | - | GOVERNOR OF THE STATE OF COLORADO |
---|
89 | | - | PAGE 3-HOUSE BILL 25-1010 |
---|
| 87 | + | 9 |
---|
| 88 | + | PRICE SHALL NOT BE CONSIDERED UNREASONABLY EXCESSIVE IF THE10 |
---|
| 89 | + | SELLER CAN PROVE THAT THE PRICE CHARGED BY THE SELLER IS DIRECTLY11 |
---|
| 90 | + | ATTRIBUTABLE TO SEASONAL PRICING .12 |
---|
| 91 | + | SECTION 3. Act subject to petition - effective date -13 |
---|
| 92 | + | applicability. (1) This act takes effect at 12:01 a.m. on the day following14 |
---|
| 93 | + | the expiration of the ninety-day period after final adjournment of the15 |
---|
| 94 | + | general assembly; except that, if a referendum petition is filed pursuant16 |
---|
| 95 | + | to section 1 (3) of article V of the state constitution against this act or an17 |
---|
| 96 | + | item, section, or part of this act within such period, then the act, item,18 |
---|
| 97 | + | section, or part will not take effect unless approved by the people at the19 |
---|
| 98 | + | general election to be held in November 2026 and, in such case, will take20 |
---|
| 99 | + | effect on the date of the official declaration of the vote thereon by the21 |
---|
| 100 | + | governor.22 |
---|
| 101 | + | (2) This act applies to conduct occurring on or after the applicable23 |
---|
| 102 | + | effective date of this act.24 |
---|
| 103 | + | 1010 |
---|
| 104 | + | -3- |
---|