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MI HB5669

Bill

Status

Introduced

3/17/2020

Primary Sponsor

Laurie Pohutsky

Click for details

Origin

House of Representatives

100th Legislature

AI Summary

HB 5669 Summary

  • Prohibits businesses from charging excessively increased prices for energy products (gasoline, propane, heating oil) and services during or after a market disruption, defined as weather events, supply failures, strikes, civil disorder, or other abnormal market conditions.

  • Defines "excessively increased price" as a price increase exceeding 10% from pre-disruption levels unless the seller can demonstrate the increase is attributable to actual cost increases in bringing the product to market.

  • Authorizes the Attorney General and local prosecutors to demand documents and testimony from individuals under investigation, with enforcement through circuit court if compliance is refused.

  • Establishes civil penalties of up to $10,000 per violation for individuals and $1,000,000 for other persons, plus allows treble damages (up to 3 times actual damages) if violations are found to be flagrant.

  • Creates misdemeanor criminal liability for intentional violations (up to 2 years imprisonment and/or $10,000 fine for individuals; up to $1,000,000 fine for other persons) and authorizes class actions by the Attorney General for actual damages or $100 per affected person, whichever is greater.

Legislative Description

Trade; business practices; excessively increased pricing for energy products and services during a market disruption; prohibit. Creates new act.

Trade: consumer goods and services

Last Action

Bill Electronically Reproduced 03/25/2020

3/25/2020

Committee Referrals

Regulatory Reform3/17/2020

Full Bill Text

No bill text available