The Latest: AG concerned about changes to price gouging law
FRANKFORT, Ky. (AP) — The Latest on a bill that would update Kentucky’s laws against price gouging in times of emergencies (all times local):
Kentucky’s attorney general says he’s concerned that a bill to update state laws against price gouging in times of emergency would end up weakening consumer protections.
No one from Attorney General Andy Beshear’s office commented on the bill during a Senate committee hearing Tuesday. But Beshear’s office released a statement from the Democratic attorney general a few hours after the Senate panel advanced the bill.
Beshear says the state’s existing price-gouging laws are some of the strongest in the country to protect Kentuckians during times of emergency.
Kentucky’s laws against price gouging in emergencies would be updated under a bill setting more definite boundaries to determine when price increases are considered excessive.
The measure was advanced by a Senate committee Tuesday.
Republican Sen. Rick Girdler says his bill would add clarity to the anti-gouging laws to assist with compliance and enforcement. Currently, he says it’s hard to clearly identify the boundaries of what’s considered a legal price increase and what’s grossly excessive.
Under the bill, an increase of 10 percent or less above the price on the day before an emergency declaration would not violate the law.
Girdler says his bill remains true to the law’s consumer-protection intent.
Gov. Matt Bevin declared a statewide emergency last week due to flooding.
The legislation is Senate Bill 160.