The bill amends the Fair Practices of Equipment Manufacturers, Distributors, Wholesalers and Dealers Act by updating definitions, statutory references, and prohibited actions. Key changes include replacing "catalogue" with "catalog" and introducing new terms such as "current net parts price," "current net parts cost," and "good cause," which now encompasses specific conditions related to changes in executive management and dealership ownership transfers. The bill clarifies the conditions under which suppliers can impose restrictions on dealers regarding competing product lines and mandates prior written notice for termination of dealer agreements.

Additionally, the bill enhances dealer protections by prohibiting suppliers from coercing dealers into unwanted deliveries, requiring purchases as a condition of sale, or engaging in discriminatory pricing practices. It establishes a requirement for suppliers to provide reasonable delivery timelines and prohibits refusal to deliver advertised equipment. The bill also outlines the process for terminating dealer agreements, requiring a 180-day notice period and allowing dealers to rectify deficiencies within 60 days. It further specifies that suppliers must approve or deny dealership transfer requests within 60 days, with a focus on ensuring fair practices and compliance with the updated legal standards. The new provisions are set to take effect on November 1, 2025.

Statutes affected:
Introduced: 15-245
Committee Substitute: 15-245
Floor (House): 15-245
Floor (Senate): 15-245
Engrossed: 15-245
Enrolled (final version): 15-245