What's happening
This bill expands New York's price gouging law to cover fuel, energy, and transportation, and requires public disclosure of prices.
Why it matters
Expands protections for consumers by specifically including fuel, energy, and transportation under price gouging laws. , meaning companies in these sectors must avoid charging excessively high prices during emergencies or market disruptions.
Broadens the scope of the law to cover all goods and services sold "in or into" New York, regardless of where the product is located prior to sale. , closing loopholes and holding out-of-state sellers accountable if they serve New York customers.
Requires regular public disclosure of fuel prices (and potentially other goods and services) by wholesalers, distributors, and retailers. , increasing transparency for consumers and regulators and making it harder for companies to hide sudden price spikes.
Empowers the Attorney General to set rules on how and when these disclosures must occur and to enforce compliance. , potentially leading to more proactive monitoring of market abuses and swifter intervention against price gouging.
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Who cares
Fuel manufacturers, wholesalers and retailers
The bill would require the attorney general to mandate periodic public disclosure of prices charged or proposed for fuel sold in or into New York.
Energy and transportation providers
The bill would explicitly include their goods and services in the ban on unconscionably excessive prices during abnormal market disruptions.
Out-of-state suppliers selling into New York
The bill would extend coverage to goods and services sold into the state, removing the requirement that a product be located in New York before sale.
New York attorney general
The bill would require fuel-price disclosure rules and authorize similar disclosure requirements for any goods or services sold in or into the state.
Headline styles
Stop Fuel Price Gouging
Plain English, a few words. Used as the page title.
Sponsors
Assembly Member · Assembly District 25
No co-sponsors yet.
History
- Referred to consumer affairs and protection
- Referred to consumer affairs and protection
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
255
2025-2026 Regular Sessions
IN ASSEMBLY (Prefiled)
January 8, 2025
Introduced by M. of A. ROZIC -- read once and referred to the Committee on Consumer Affairs and Protection
AN ACT to amend the general business law, in relation to prohibiting price gouging with respect to fuel, energy, and transportation goods and services
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivisions 2 and 5 of section 396-r of the general business law, subdivision 2 as amended by chapter 725 of the laws of 2023 and subdivision 5 as added by chapter 90 of the laws of 2020, are amended to read as follows:
2. (a) During any abnormal disruption of the market for goods and services vital and necessary for the health, safety and welfare of consumers or the general public, no party within the chain of distribution of such goods or services or both shall sell or offer to sell any such goods or services or both for an amount which represents an unconscionably excessive price.
(b) For purposes of this section, the phrase "abnormal disruption of the market" shall mean any change in the market, whether actual or imminently threatened, resulting from stress of weather, convulsion of nature, failure or shortage of electric power or other source of energy, product recall leading to supply shortages, strike, civil disorder, war, military action, national or local emergency, drug shortage, or other cause of an abnormal disruption of the market which results in the declaration of a state of emergency by the governor.
(c) For purposes of this section, the term "drug shortage" shall mean, with respect to any drug or medical product intended for human use, that such drug or medical product is publicly reported as being subject to a shortage by the U.S. Food and Drug Administration.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01369-01-5
(d) For the purposes of this section, the term "goods and services" shall include all goods and services sold in or into the state that are (i) consumer goods and services used, bought or rendered primarily for personal, family or household purposes, (ii) essential medical supplies and services used for the care, cure, mitigation, treatment or prevention of any illness or disease, (iii) fuel, energy, and transportation goods and services, and [(iii)] (iv) any other essential goods and services used to promote the health or welfare of the public.
(e) This prohibition shall apply to all parties within the chain of distribution for any good or service that is sold in or into the state, including any manufacturer, supplier, wholesaler, distributor or retail seller of goods or services or both [sold by one party to another when the product sold was located in the state prior to the sale]. For the purposes of this subdivision, the term "goods and services" shall also include any repairs made by any party within the chain of distribution of goods on an emergency basis as a result of such abnormal disruption of the market.
5. The attorney general shall promulgate rules and regulations requiring the periodic public disclosure by actors in the chain of distribution for fuel sold in or into the state of the prices charged or proposed to be charged for fuel. The attorney general may also promulgate rules and regulations requiring the periodic public disclosure by actors in the chain of distribution for any goods or services sold in or into the state of the prices charged or proposed to be charged for such goods and services. The attorney general may promulgate such other rules and regulations as are necessary to effectuate and enforce the provisions of this section.
§ 2. This act shall take effect immediately.
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.