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MN HF6
Bill
Status
3/6/2023
Primary Sponsor
Zack Stephenson
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AI Summary
HF6 Summary
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Prohibits sellers from charging unconscionably excessive prices for essential consumer goods and services (food, water, fuel, gasoline, shelter, transportation, health care, pharmaceuticals, and cleaning supplies) during declared abnormal market disruptions.
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Defines unconscionably excessive price as a gross disparity compared to the seller's average price in the 60-day period before declaration, with exemptions for prices related to increased costs, increases of 25 percent or less, commodity market fluctuations, and pre-established contract prices.
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Authorizes the governor to declare an abnormal market disruption by executive order when substantial and atypical market changes occur caused by events resulting in a state of emergency declaration, specifying the geographic area and duration affected.
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Requires the governor to post notice on government websites and notify media, while the commissioner of commerce must notify sellers of abnormal market disruption declarations.
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Subjects violators to civil penalties of up to $1,000 per sale or transaction with a maximum of $25,000 per day, enforceable by the attorney general, with no private right of action created.
Legislative Description
Price gouging prohibited during an abnormal market disruption, and penalties prescribed.
Last Action
Second reading
3/8/2023