OH HB718

Prohibits suppliers from selling infant formula at prices more than 5% above the pre-shortage rate during any period when infant formula is in short supply.

Establishes that invocation of the federal Defense Production Act of 1950 regarding infant formula production constitutes evidence of a shortage triggering the price cap.

Classifies violations of the price gouging prohibition as unconscionable acts or practices under Ohio consumer protection law.

Makes reckless violations of the price gouging prohibition a first-degree misdemeanor.

Declares the act an emergency measure effective immediately to protect consumers and infants impacted by the current infant formula supply shortage.