Substitute Bill No. 3 aims to enhance consumer protection and safety by implementing new regulations for businesses that sell or lease goods and services, effective July 1, 2026. The bill prohibits businesses from advertising prices that exclude mandatory fees, requiring clear disclosure of such fees to consumers prior to purchase, with exceptions for taxes and consumer-dependent fees. Violations will be classified as unfair or deceptive trade practices. Additionally, the bill introduces regulations for connected devices, mandating that providers inform consumers about the device's capabilities and security measures, while also prohibiting the use of recordings for targeted advertising. It also establishes that manufacturers must provide necessary documentation, parts, and tools for the repair of electronic and appliance products at fair terms, ensuring access for both authorized and unauthorized repair providers.

Furthermore, the bill addresses price gouging during emergencies by prohibiting vendors from selling items at unconscionably excessive prices during declared emergencies, removing previous allowances for price fluctuations during normal operations. The Attorney General is granted exclusive authority to enforce these regulations and conduct investigations. The bill also modifies the disapproval process for actions taken by a joint legislative committee, requiring a majority vote for disapproval. Additionally, it repeals section 42-230 from current law and introduces new sections to streamline legal processes, ensuring consistency in handling violations while allowing local jurisdictions some flexibility in managing their own regulations. Overall, Substitute Bill No. 3 seeks to modernize consumer protections and clarify legal frameworks within the state.

Statutes affected:
Committee Bill: 42-230
GL Joint Favorable Substitute: 42-230
File No. 570: 42-230
JUD Joint Favorable: 42-230
APP Joint Favorable: 42-230