Trade: business practices; excessively increased pricing for certain goods and services during a declared state of emergency; prohibit. Creates new act. TIE BAR WITH: SB 1041'26, SB 1043'26

The bill prohibits businesses from excessively raising prices on certain goods and services during a declared state of emergency. This aims to protect consumers from price gouging when they are most vulnerable. It creates a new law to enforce these practices and is tied to two other related bills.

Supporters of the bill argue that it is essential to protect consumers from exploitation during emergencies when they may be desperate for necessary goods and services. They believe this legislation will promote fairness and integrity in business practices, ensuring that everyone has access to affordable essentials in times of crisis.

Critics may argue that this bill could hinder businesses' ability to respond to increased costs during emergencies, potentially leading to shortages of essential goods. They might also contend that price controls can disrupt market dynamics and discourage suppliers from providing necessary products when demand surges.