This bill amends the Price Gouging Act of October 31, 2006, to expand the definitions and prohibitions related to price gouging during emergencies. Specifically, it revises the definition of "unconscionably excessive" to include price disparities during both state and local disaster emergencies. The bill clarifies that a price is considered unconscionably excessive if it significantly exceeds the average price of similar goods or services in the affected area during the week prior to the emergency declaration.

Additionally, the bill updates the provisions regarding the prohibition of price gouging to apply not only during state disaster emergencies declared by the Governor but also during local disaster emergencies declared by local governing bodies. It establishes that evidence of price gouging is present if prices exceed 20% of the average price from the previous week. Furthermore, it allows entities to register for notifications regarding the declaration and cessation of both state and local emergencies, with the responsibility for notification assigned to the Governor or local governing body. The act is set to take effect 60 days after its passage.

Statutes/Laws affected:
Printer's No. 1753 (May 28, 2025): P.L.1210, No.133