RI H7214

Prohibits price gouging of prescription drugs and pharmaceuticals during declared market shortages or market emergencies, defined as charging unreasonably excessive prices compared to the 30 days before the declaration

Governor or President may declare a market shortage for vital drugs (those treating serious or life-threatening conditions with no available alternatives) for up to 6 months, with option to renew

Violations constitute a felony punishable by up to 5 years imprisonment, fines up to $10,000, or both, with each day of continuing violation counted as a separate offense

Attorney General may seek injunctive relief in superior court and must consider factors including additional costs, risks, price disparities, and market conditions when determining if pricing is unreasonably excessive

Requires annual consultation with wholesalers, manufacturers, hospitals, patients, and other stakeholders to reassess pricing criteria, with reports submitted to the General Assembly