New York bill A07062 prohibits transportation network companies from enacting surge pricing during declared federal, state, and local emergencies.

New York bill A07062 amends the vehicle and traffic law to prohibit transportation network companies from enacting surge pricing during declared federal, state, and local emergencies. Surge pricing is defined as raising prices when demand for a service is strong and returning prices to normal when demand returns to normal levels. Violators of this prohibition are subject to a civil penalty of two hundred fifty dollars for each occurrence. The bill aims to ensure fair pricing practices during emergencies, protecting consumers from excessive price hikes.

New York bill A07062 prohibits transportation network companies from enacting surge pricing during declared federal, state, and local emergencies.

New York bill A07062 amends the vehicle and traffic law to prohibit transportation network companies from enacting surge pricing during declared federal, state, and local emergencies. Surge pricing is defined as raising prices when demand for a service is strong and returning prices to normal when demand returns to normal levels. Violators of this prohibition are subject to a civil penalty of two hundred fifty dollars for each occurrence. The bill aims to ensure fair pricing practices during emergencies, protecting consumers from excessive price hikes.