Summary of the Introduced Bill

HB 1422 -- Price Gouging

Co-Sponsors:  Gratz, Kreider, Green (73), Barry, Merideth,
Skaggs, Boucher, Thompson, Whorton, Crump

This bill prohibits sellers from charging excessive prices for
necessities during emergencies.  An excessive price is one that
exceeds the seller's retail price prior to the emergency by 10%
or more.

An affirmative defense is available if a person can prove that
the excessive price is due to either an increase in the cost to
the person or that the increase is not within the person's
control.

A person who engages in price gouging is liable for three times
the amount unfairly received for each transaction.

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Last Updated October 11, 2002 at 9:01 am