NJ A4820

Prohibits wholesale dealers from engaging in price gouging when selling physical goods to retailers and resellers in New Jersey

Defines price gouging as unconscionably raising sale prices in ways not justified by inflation, abnormal market disruptions, or natural supply and demand fluctuations

Physical goods covered include consumer items for personal, family, or household use such as beverages, foodstuffs, medical supplies, and other wares

Violations constitute unlawful practices under the consumer fraud act, with penalties up to $10,000 for first offenses and $20,000 for subsequent offenses, plus potential treble damages and cease and desist orders

Takes effect seven months after enactment, with the Division of Consumer Affairs authorized to adopt implementing regulations