Introduced
by
To prohibit “price gouging” during an emergency. “Price gouging” is defined as selling for an “unconscionable price” any essential commodities, supplies, services, provisions, or equipment needed as a direct result of the emergency, including the rental of a dwelling or a self-storage facility. “Unconscionable price” is defined as one that is a “gross disparity” compared to the pre-emergency price, and is not based on additional costs incurred, or on “international market trends.” Note: When demand for an item exceeds supply, rationing occurs either through higher prices, a government-administered allocation system, or on the basis of first-come-first-serve.
Referred to the Committee on Commerce and Tourism
