An Act Concerning The Authority Of The Office Of The Attorney General To Bring An Action Against A Seller Who Engages In Price Gouging During A Disaster Or Emergency.
Impact
If passed, SB00041 would impact state law by providing the Attorney General with increased authority to intervene in instances of price gouging, which traditionally have not been adequately regulated. This legislative change aims to ensure that consumers are not subjected to exorbitant prices for essential goods and services during declared emergencies, thus contributing to overall economic stability in such times. Such actions may also enhance public confidence in the state's ability to protect its citizens in times of need.
Summary
SB00041 is a legislative proposal aimed at enhancing consumer protections during periods of disaster or emergency by empowering the Office of the Attorney General to take action against sellers engaging in price gouging. The bill seeks to amend existing statutes to provide a clear legal basis for penalties against those who exploit vulnerable consumers when they are most in need. By formally designating price gouging as a prosecutable offense under the jurisdiction of the Attorney General, the bill is positioned to deter malpractices related to pricing during crises.
Contention
Though the bill may receive broad support from sectors concerned with consumer rights, there are potential points of contention regarding the definition of price gouging and the thresholds necessary for the Attorney General to act. Critics may raise concerns about the economic implications of such regulations on small businesses, such as their operational flexibility to adjust prices in response to supply chain disruptions. The balance between protecting consumers and ensuring fair business practices will likely be a focal point of discussion as the bill progresses through the legislative process.
An Act Concerning The Attorney General, The Banking Commissioner, The Dodd-frank Wall Street Reform And Consumer Protection Act And Telephonic Sales Calls For Soliciting Consumer Goods Or Services.