Texas House Bill HB1479

Texas 2021 - 87th Regular

Caption

Relating to charging exorbitant or excessive prices for certain agricultural goods during a declared disaster.

Impact

The implications of HB1479 are significant for both consumers and agricultural producers in Texas. By delineating the parameters of what constitutes excessive pricing, the bill aims to protect consumers from price gouging during critical times when agricultural goods may be scarce. The law is designed to ensure that pricing remains fair and reasonable, thus fostering a sense of trust and stability among consumers. On the other hand, the bill acknowledges the complexities involved in pricing agricultural products and offers flexibility for producers to set prices based on pre-established agreements or market indices, potentially reducing the risk of punitive measures for legitimate pricing strategies.

Summary

House Bill 1479 is a legislative measure aimed at regulating the pricing of certain agricultural goods, specifically meat and poultry products, during declared disasters. The bill proposes an amendment to Section 17.4625 of the Business and Commerce Code. This amendment clarifies the circumstances under which prices for specified agricultural products are not considered exorbitant or excessive, establishing criteria based on contract pricing, price formulas, or pricing indices. This legislation seeks to provide protections for consumers while balancing the needs of producers and sellers during disasters.

Contention

While supporters of HB1479 may argue that the bill is essential for protecting consumers during emergencies, there may be contention surrounding the interpretation of what constitutes 'exorbitant' pricing. Critics might raise concerns about the potential for ambiguity in how these definitions are applied in practice, especially during times of crisis where markets can be unpredictable. Furthermore, there could be debates on whether these provisions sufficiently incentivize producers and sellers to keep prices within reasonable limits without stifling their ability to respond to market conditions dynamically.