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House advances measure to limit price increases after declared disasters amid heated debate
Summary
Lawmakers debated a bill to bar excessive price increases during disasters and market disruptions, including a governor-triggered 10% cap and an affirmative defense for businesses; sponsors said it protects consumers, opponents said it hands the governor sweeping power.
The Colorado House debated and adopted a version of House Bill 10-10 on March 7, a proposal to expand state price-gouging protections to market disruptions and to allow the governor to trigger a 10% cap on price increases during a declared disaster.
Supporters framed the bill as consumer protection. Representative Shamaine Zokai, the bill’s sponsor, told colleagues that families are struggling with higher costs and that some companies raise prices far beyond what rising costs would justify. Co-prime sponsor Representative Matt Brown said the amendment at the center of debate had been negotiated with business groups and that the…
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