The proposed bill introduces a new chapter, CHAPTER 61, titled "Protecting Rhode Islanders from Coercive Economic Tactics at Grocery Stores," to Title 6 of the General Laws concerning commercial law. This chapter, known as the Price Tags Act, aims to protect consumers in Rhode Island from coercive economic tactics employed by grocery suppliers and retailers.

The chapter establishes definitions for key terms such as "covered goods," "covered retailers," "covered suppliers," "covered wholesalers," and "dominant covered retailers." It outlines the obligations of covered suppliers to ensure price fairness, specifically prohibiting them from offering different terms of sale to retailers based on their market position and requiring them to provide anonymized terms of sale from contracts with dominant covered retailers upon request.

Additionally, the bill prohibits dominant covered retailers from taking actions that would coerce or induce covered suppliers to violate the price fairness provisions. It establishes liability for covered suppliers and dominant covered retailers for violations committed by contracted third parties.

The act includes defenses for suppliers against allegations of unlawful conduct, such as demonstrating that any differences in terms of sale were due to efficiencies or voluntary acceptance of different terms by retailers. It also provides immunity for suppliers who comply with demands from dominant retailers, provided they disclose such conduct to the Attorney General.

Enforcement mechanisms are outlined, allowing the Attorney General or affected parties to file suit to obtain injunctions and seek civil penalties or damages for violations. The act emphasizes that it does not supersede existing antitrust laws and includes a severability clause to ensure that if any portion of the chapter is found unlawful, the remainder remains effective. The act will take effect upon passage.