Signed by Governor Jared Polis

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that authorizes price regulations by the Governor during a declared disaster in Colorado.

Highlights:

• Authorizes price regulations by the Governor during a declared disaster (Sec. 2).

• Specifies engaging in price gouging in the sale of necessities is an unfair act and creates a presumption that, if the price of a necessity is increased by 10% or more above the average price the necessity cost during the 90 days preceding the price increase, the price increase amounts to price gouging (Sec. 2).

• Defines “necessities” as goods or services that are necessary for the health, safety, and welfare of consumers or of the general public (Sec. 2).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 3).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that authorizes price regulations by the Governor during a declared disaster in Colorado.

Highlights:

• Authorizes price regulations by the Governor during a declared disaster (Sec. 2).

• Specifies engaging in price gouging in the sale of necessities is an unfair act and creates a presumption that, if the price of a necessity is increased by 10% or more above the average price the necessity cost during the 90 days preceding the price increase, the price increase amounts to price gouging (Sec. 2).

• Defines “necessities” as goods or services that are necessary for the health, safety, and welfare of consumers or of the general public (Sec. 2).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 3).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that authorizes price regulations by the Governor during a declared disaster in Colorado.

Highlights:

• Authorizes price regulations by the Governor during a declared disaster (Sec. 2).

• Specifies engaging in price gouging in the sale of necessities is an unfair act and creates a presumption that, if the price of a necessity is increased by 10% or more above the average price the necessity cost during the 90 days preceding the price increase, the price increase amounts to price gouging (Sec. 2).

• Defines “necessities” as goods or services that are necessary for the health, safety, and welfare of consumers or of the general public (Sec. 2).

• Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 3).

Full Bill Text