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MI SB0955
Bill
AI Summary
SB 955 Summary
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Prohibits charging excessively increased prices (more than 10% above pre-emergency levels) for building materials, consumer food items, emergency supplies, and medical supplies during a declared state of emergency, with exceptions for increased costs to bring items to market or extraordinary pre-emergency discounts.
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Authorizes the attorney general and local prosecutors to investigate violations through written demands for testimony and documents, with court enforcement powers and confidentiality requirements.
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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 permits states and political subdivisions to recover actual damages plus up to triple damages if violations are flagrant.
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Creates criminal penalties for intentional violations: up to 1 year imprisonment or $10,000 fine for individuals; up to $1,000,000 fine for other persons.
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Takes effect only if Senate Bills 954 and 956 from the 102nd Legislature are also enacted.
Legislative Description
Trade: business practices; excessively increased pricing for certain goods and services during a declared state of emergency; prohibit. Creates new act. TIE BAR WITH: SB 0954'24, SB 0956'24
Trade: consumer goods and services
Last Action
Referred To Committee On Government Operations
12/12/2024