Price gouging.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
In Floor Process
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
This bill aims to prevent businesses from taking advantage of emergencies by significantly raising prices on essential goods and services. It expands the definition of ‘housing’ to include all rental properties, regardless of lease length, and modifies the rules for price increases during declared states of emergency, particularly for housing, repairs, and cleanup services. The bill also clarifies the process for local governments to initiate and prosecute price gouging cases, and makes adjustments to existing laws regarding Attorney General and district attorney authority in antitrust actions.
Key provisions
- Expands the definition of ‘housing’ to include all rental properties.
- Modifies the allowable price increase during declared states of emergency for housing, repairs, and cleanup services.
- Authorizes city attorneys with populations over 750,000 to initiate price gouging actions.
- Clarifies the process for Attorney General and district attorneys to pursue antitrust violations.
- Adjusts the rules for retaining proceeds from fines and penalties in antitrust actions for the Attorney General and local district attorneys.
- Provides a more flexible definition of ‘rental price’ for determining price gouging during emergencies.
- Makes legislative findings related to public access to government meetings and records.
- Modifies existing provisions regarding the state’s reimbursement of local agencies for mandated state costs.
Who is affected
Bill text
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