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MN HF4454
Bill
Status
3/12/2020
Primary Sponsor
John Lesch
Click for details
AI Summary
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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.
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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.
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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.
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Establishes a civil penalty of up to $10,000 per sale or transaction for violations.
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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