AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- PRICE GOUGING OF PRESCRIPTION DRUGS PROHIBITED

HB 7214 prohibits pharmacies, distributors, and sellers from charging "unreasonably excessive" prices for vital prescription drugs during declared market shortages. It defines "vital drugs" as those treating serious or life-threatening conditions with no available alternatives, and "market shortage" as inadequate supply meeting demand. Violators face felony charges, up to five years in prison, and $10,000 fines for intentionally exploiting shortages. The law requires governors to declare shortages via executive order, with penalties applying only to prices grossly above pre-shortage levels in the local area.