New York S09372 amends the general business law to address price gouging by imposing criminal penalties and increasing civil penalties.

New York S09372 amends the general business law to prohibit price gouging during abnormal market disruptions. It imposes criminal penalties for violations and increases the civil penalty to up to $25,000 per violation or three times the gross receipts, whichever is greater. The bill removes the requirement for a state of emergency declaration to enforce these provisions and authorizes district attorneys to enforce the law. It defines "abnormal disruption of the market" broadly to include events like strikes, power failures, and shortages.

New York S09372 amends the general business law to address price gouging by imposing criminal penalties and increasing civil penalties.

New York S09372 amends the general business law to prohibit price gouging during abnormal market disruptions. It imposes criminal penalties for violations and increases the civil penalty to up to $25,000 per violation or three times the gross receipts, whichever is greater. The bill removes the requirement for a state of emergency declaration to enforce these provisions and authorizes district attorneys to enforce the law. It defines "abnormal disruption of the market" broadly to include events like strikes, power failures, and shortages.