Indiana 2022 2022 1st Special Session

Indiana House Bill HB1011 Introduced / Bill

Filed 07/28/2022

                     
Introduced Version
HOUSE BILL No. 1011(ss)
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DIGEST OF INTRODUCED BILL
Citations Affected:  IC 4-6-9.1.
Synopsis:  Infant formula price gouging. Defines "price gouging" to
include charging a consumer an unconscionable amount for the sale of
infant formula. Provides that price gouging occurs in the sale of infant
formula if the price at which the infant formula is sold grossly exceeds
the average price charged for infant formula of the same brand and type
in retail establishments in Indiana on or about the date on which the
infant formula is sold. Authorizes the attorney general to investigate
complaints, seek injunctive relief, seek restitution for victims, and
institute actions to collect civil penalties in cases of price gouging in
the sale of infant formula. Provides that a court may assess a civil
penalty of up to $1,000 for each transaction against a retailer found to
have committed price gouging in the sale of infant formula.
Effective:  Upon passage.
Bauer M
July 28, 2022, read first time and referred to Committee on Rules and Legislative
Procedures.
2022(ss)	IN 1011—LS 6017/DI 55 Introduced
Special Session of the 122nd General Assembly (2022)(ss)
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HOUSE BILL No. 1011(ss)
A BILL FOR AN ACT to amend the Indiana Code concerning state
offices and administration.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 4-6-9.1-1 IS AMENDED TO READ AS
2 FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 1. (a) Sections 1
3 through 7 The provisions of this chapter relating to price gouging in
4 the sale of fuel apply to:
5 (1) the period during which an emergency is declared; and
6 (2) the twenty-four (24) hours before the declaration of the
7 emergency;
8 by the governor under IC 10-14-3-12 or IC 10-14-3-13.
9 (b) The definitions in IC 10-14-3 apply to this chapter.
10 SECTION 2. IC 4-6-9.1-2 IS AMENDED TO READ AS
11 FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 2. (a) For purposes
12 of The following definitions apply throughout this chapter:
13 (1) "Infant formula" means a food that is manufactured,
14 packaged, and labeled specifically for special dietary use
15 solely as a food for infants by reason of:
16 (A) its simulation of human milk; or
17 (B) its suitability as a complete or partial substitute for
2022(ss)	IN 1011—LS 6017/DI 55 2
1 human milk.
2 (2) "Price gouging" means charging a consumer an
3 unconscionable amount for the sale of:
4 (A) fuel; or
5 (B) infant formula.
6 (b) For purposes of this chapter, price gouging occurs in the sale
7 of fuel if:
8 (1) the amount charged grossly exceeds the average price at
9 which fuel was readily obtainable within the retailer's trade area
10 during the seven (7) days immediately before the declaration of
11 emergency; and
12 (2) the increase in the amount charged is not attributable to cost
13 factors to the retailer, including replacement costs, taxes, and
14 transportation costs incurred by the retailer.
15 (c) For purposes of this chapter, price gouging occurs in the sale
16 of infant formula if the amount that a consumer is charged for the
17 infant formula grossly exceeds the average price charged for infant
18 formula of the same brand and type in retail establishments in
19 Indiana on or about the date on which the infant formula is sold.
20 SECTION 3. IC 4-6-9.1-5 IS AMENDED TO READ AS
21 FOLLOWS [EFFECTIVE UPON PASSAGE]: Sec. 5. (a) If an
22 investigation by the attorney general results in a finding of price
23 gouging, the attorney general may bring an action in a circuit or
24 superior court with jurisdiction in the county where the price gouging
25 allegedly occurred.
26 (b) If the court finds that the retailer engaged in price gouging, the
27 court may assess a civil penalty against the retailer. The civil penalty
28 may not be more than one thousand dollars ($1,000) per for each
29 transaction in which a sale of fuel or infant formula constitutes
30 price gouging.
31 SECTION 4. An emergency is declared for this act.
2022(ss)	IN 1011—LS 6017/DI 55