New York S07345 amends the general business law to define unconscionably excessive prices during market disruptions.
New York S07345 amends the general business law to clarify what constitutes an unconscionably excessive price during abnormal market disruptions. The bill prohibits selling essential goods and services at grossly excessive prices during events like strikes, power failures, or shortages. A price is considered unconscionably excessive if it is significantly higher than the seller's previous price or current market prices outside the affected area.
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