This week, Attorney General Dana Nessel, Senator Jeremy Moss, Senator Mary Cavanaugh, Representative Jason Hoskins, and Representative Laurie Pohutsky participated in a roundtable highlighting a package aimed at strengthening protections against price gouging during an emergency declaration or a market disruption.
Key Points:
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- The proposal targets price gouging on consumer goods, emergency supplies, lodging, and energy products such as gasoline or propane.
- It defines price gouging as selling goods or services at more than a 10% increase from the price immediately before the emergency or market disruption.
- It allows sellers to justify price increases and outlines legal actions the Department of Attorney General or local prosecutors can take against violators, as well as penalties.
Next Steps:
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- The bill package was referred to the Senate Finance, Insurance, and Consumer Protection Committee and the House Economic Development and Small Business Committee.
