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 not only state disaster emergencies but also local disaster emergencies. The bill stipulates that a price is considered unconscionably excessive if it represents a gross disparity compared to prices charged in the seven days prior to the emergency declaration.

Additionally, the bill enhances the provisions regarding the prohibition of price gouging by extending the timeframe during which such practices are prohibited to include local disaster emergencies. It establishes that it is prima facie evidence of price gouging if prices exceed 20% of the average price for similar goods or services in the affected area during the week before the emergency. Furthermore, it allows trade associations and other entities to register for notifications regarding the declaration and cessation of both state and local emergencies, ensuring they are informed of any changes that may affect compliance with the law.

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