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MN HF4454

Bill

Status

Introduced

3/12/2020

Primary Sponsor

John Lesch

Click for details

Origin

House of Representatives

91st Legislature 2019-2020

AI Summary

  • Prohibits selling or offering to sell essential consumer goods or services at unconscionably excessive prices during abnormal market disruptions, effective the day following final enactment.

  • Defines "abnormal market disruption" as any change resulting from natural or man-made disasters, emergencies, or gubernatorial/presidential emergency declarations, or any price increase exceeding 30 percent within seven days.

  • Defines "unconscionably excessive" as a gross disparity between the charged price and either the pre-disruption price or the price readily available from other sellers in the trade area, not substantially caused by significant additional costs or increased seller profit.

  • Establishes a civil penalty of up to $10,000 per sale or transaction for violations.

  • Grants the Minnesota Attorney General authority to investigate alleged violations and enforces the provision under existing authority in Minnesota Statutes section 8.31.

Legislative Description

Price gouging prohibited, and penalties prescribed.

Last Action

Author added Bahner

4/28/2020

Committee Referrals

Commerce3/12/2020

Full Bill Text

No bill text available