The proposed bill introduces CHAPTER 61, known as the "Price Tags Act," aimed at protecting Rhode Islanders from coercive economic tactics in grocery stores. It establishes definitions for key terms such as "covered goods," "covered retailers," "covered suppliers," and "dominant covered retailers," which are crucial for the law's application. The legislation mandates that covered suppliers provide equal terms of sale to all covered retailers and wholesalers, prohibits discriminatory pricing practices, and requires transparency by obligating suppliers to disclose anonymized terms of sale upon request. Furthermore, it makes it unlawful for covered suppliers to refuse sales to non-dominant retailers or wholesalers without reasonable justification, promoting equitable access to goods and fostering a competitive marketplace.

The bill also introduces liability for covered suppliers and dominant retailers for violations, particularly when a contracted third party is involved, while outlining specific defenses for those accused of unlawful conduct. It provides immunity for suppliers who can demonstrate coercion by dominant retailers. Additionally, the attorney general, along with affected retailers and wholesalers, is empowered to file lawsuits for violations, seeking injunctions, civil penalties, or damages. The act clarifies the definition of "antitrust laws" and ensures that it does not limit existing antitrust regulations. The Price Tags Act will take effect upon passage, reinforcing Rhode Island's commitment to safeguarding consumers from unfair practices in the grocery sector.