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MI HB6305
Bill
Status
6/30/2022
Primary Sponsor
Laurie Pohutsky
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AI Summary
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Prohibits charging excessively increased prices for gasoline, propane, and home heating oil during or after a market disruption, defined as any change in the market resulting from weather, energy production failures, strikes, civil disorder, or other abnormal conditions.
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Defines "excessively increased price" as any price increase exceeding 20% compared to pre-disruption prices, unless the seller can demonstrate the increase reflects higher costs of bringing the product to market or an extraordinary pre-disruption discount.
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Establishes civil remedies allowing the Attorney General to bring class actions for actual damages or $100 per person (whichever is greater) and to seek injunctive relief and civil fines up to $10,000 per violation for individuals and $1,000,000 for other persons.
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Authorizes the Attorney General and local prosecutors to investigate violations through written demands for testimony, documents, and evidence, with court enforcement available for non-compliance.
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Creates criminal liability for intentional violations, with misdemeanor penalties of up to 1 year imprisonment and $10,000 fines for individuals, and up to $1,000,000 fines for other persons.
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 06/30/2022
7/20/2022