Attorney General James' Price Gouging Authority Strengthened After Governor Cuomo Signs New Bill Into Law

Posted to Applied Web NY on Sat, 06/06/2020 - 18:31

NEW YORK – New York Attorney General Letitia James today applauded Governor Andrew Cuomo signing into law legislation that will substantially strengthen New York State’s price gouging statute to prevent excessive price increases on essential goods and services, as the state continues to battle the coronavirus disease (COVID-19). The new price gouging law — S.8189, sponsored by Senator Brad Hoylman (SD-27), and A.10270, sponsored by Assemblywoman Nily Rozic (AD-25) — expands protections against price gouging beyond consumer goods to include any products or services that are vital or necessary to the health, safety, and welfare of consumers or the general public, extending protection against price gouging beyond only consumers to small businesses, hospitals and other health care providers, and even the State of New York, as they purchase products or services for the benefit of the public. The law will also protect a broader scope of products and services — including medical supplies and equipment, such as ventilators — which are critically needed during the current public health crisis.