H 7022 – Rhode IslandStatus: Inactive / Dead
Year Introduced: 2018
RELATING TO COMMERCIAL LAW–GENERAL REGULATORY PROVISIONS — UNFAIR SALES PRACTICES: Prohibits price-gouging of prescribed drugs or pharmaceuticals in times of market emergency or market shortages and makes violators guilty of a felony and subject to injunctive relief. Defines “Price gouging” as charging a consumer an unreasonably high price for any drug during a declared market emergency and “unreasonably excessive drug pricing” as when the amount charged represents a gross disparity between the average prices at which the same or similar commodity was readily available and sold or offered for sale within the local area in the usual course of business during the thirty (30) days immediately before the declaration of the market emergency and the additional charges are not substantially attributable to increased cost to retailers, imposed by their suppliers, including replacement costs imposed by the vendors’ source.
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