Prohibits wholesale dealers from price gouging sale of physical goods.
This bill prohibits wholesale dealers in New Jersey from engaging in price gouging when selling physical goods, such as food, beverages, or medical supplies used for personal or household purposes. It directly targets businesses that sell goods wholesale (e.g., to retailers), making it illegal to unreasonably raise prices without justification like inflation or supply disruptions. Violations could result in fines up to $20,000 per offense, cease-and-desist orders, or treble damages. The Division of Consumer Affairs will create rules to enforce these provisions, which align with New Jersey's consumer fraud protections.
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
Governor
Introduced Sep 19, 2024
Last action Sep 19, 2024
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Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Sep 19, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Consumer Affairs Committee
lower
2 primary · 0 co-sponsors
Sponsors
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