The bill proposes the creation of a new chapter in Title 6 of the General Laws to address the issue of price gouging of prescription drugs during market shortages. It defines key terms related to the legislation, such as "market emergency," "price gouging," and "vital drug," and establishes the conditions under which the governor can declare a market shortage or emergency. The General Assembly's findings highlight the critical need for pharmaceutical drugs and the ongoing shortage of essential medications for serious health conditions.

Under this bill, selling vital drugs at unreasonably excessive prices during declared market shortages or emergencies would be illegal and considered a felony. Offenders could face up to five years in prison, fines of up to $10,000, or both, with each day of continued violation treated as a separate offense. The attorney general is tasked with enforcing the law, determining if prices are unreasonably excessive, and may take legal action to stop such practices. The bill also mandates the attorney general to reevaluate the criteria for what constitutes excessive pricing and report back to the general assembly. The legislation would be effective immediately upon passage.