assembly Bill A334

2017-2018 Legislative Session

Relates to price gouging

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 03, 2018 referred to consumer affairs and protection
Jan 05, 2017 referred to consumer affairs and protection

Co-Sponsors

A334 (ACTIVE) - Details

See Senate Version of this Bill:
S5440
Law Section:
General Business Law
Laws Affected:
Amd §396-r, Gen Bus L
Versions Introduced in Other Legislative Sessions:
2013-2014: S3656
2015-2016: A2133, S2825
2019-2020: A237, S803
2021-2022: A5850, S4565
2023-2024: S3079

A334 (ACTIVE) - Summary

Relates to price gouging; defines unconscionably excessive price for the purposes of prohibiting price gouging during abnormal disruption of the market.

A334 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   334

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                             January 5, 2017
                               ___________

Introduced  by M. of A. BRAUNSTEIN, THIELE, HEVESI, GUNTHER, M. G. MILL-
  ER, STIRPE -- Multi-Sponsored by -- M. of A. LUPINACCI  --  read  once
  and referred to the Committee on Consumer Affairs and Protection

AN ACT to amend the general business law, in relation to price gouging

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 396-r of the general business law,  as  amended  by
chapter 510 of the laws of 1998, subdivision 4 as amended by chapter 224
of the laws of 2008, is amended to read as follows:
  §  396-r.  Price gouging. 1. Legislative findings and declaration. The
legislature hereby finds that during periods of abnormal  disruption  of
the  market caused by strikes, power failures, severe shortages or other
extraordinary adverse circumstances, some parties within  the  chain  of
distribution  of consumer goods have taken unfair advantage of consumers
by charging grossly excessive prices for essential  consumer  goods  and
services.
  In  order to prevent any party within the chain of distribution of any
consumer goods from taking unfair advantage of consumers during abnormal
disruptions of the market, the  legislature  declares  that  the  public
interest  requires  that  such conduct be prohibited and made subject to
civil penalties.
  2. During any abnormal disruption of the market for consumer goods and
services vital and necessary for  the  health,  safety  and  welfare  of
consumers,  no  party  within the chain of distribution of such consumer
goods or services or both shall sell or offer to sell any such goods  or
services or both for an amount which represents an unconscionably exces-
sive   price.  For  purposes  of  this  section,  the  phrase  "abnormal
disruption of the market" shall mean any change in the  market,  whether
actual  or  imminently  threatened,  resulting  from  stress of weather,
convulsion of nature, failure or shortage of  electric  power  or  other
source of energy, strike, civil disorder, war, military action, national

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.