Rhode Island H7214 makes it a felony to price gouge prescription drugs during market shortages.

Rhode Island H7214 prohibits charging unreasonably high prices for vital drugs during market shortages. The bill defines "market shortage" as a situation where the supply of FDA-regulated drugs is inadequate to meet demand. Violators face up to five years in prison, a fine of up to ten thousand dollars, or both. The attorney general can seek injunctive relief against such practices. The bill also mandates the attorney general to reassess pricing criteria annually and report findings to the General Assembly.

Rhode Island H7214 makes it a felony to price gouge prescription drugs during market shortages.

Rhode Island H7214 prohibits charging unreasonably high prices for vital drugs during market shortages. The bill defines "market shortage" as a situation where the supply of FDA-regulated drugs is inadequate to meet demand. Violators face up to five years in prison, a fine of up to ten thousand dollars, or both. The attorney general can seek injunctive relief against such practices. The bill also mandates the attorney general to reassess pricing criteria annually and report findings to the General Assembly.