Bill
HB 5553
Overview: HB 5553, AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- UNFAIR SALES PRACTICES, was introduced on March 14, 2025 and is currently in committee for
Overview: HB 5553, AN ACT RELATING TO COMMERCIAL LAW -- GENERAL REGULATORY PROVISIONS -- UNFAIR SALES PRACTICES, was introduced on March 14, 2025 and is currently in committee for further study.
Purpose and Intent: The bill aims to address unfair sales practices in commercial transactions, with the goal of promoting fair competition and protecting consumers.
Key Provisions:
- Prohibits businesses from selling goods or services below cost with the intent to destroy competition or eliminate a competitor
- Requires businesses to disclose the regular price of an item when offering a discounted price
- Establishes penalties for violations, including fines and potential business license revocation
Affected Parties and Impacts: The bill would impact businesses engaged in commercial sales, as well as consumers who would benefit from increased transparency and fairness in pricing. Smaller businesses may be particularly affected by the restrictions on below-cost sales.
Procedural and Timeline Considerations: The bill is currently in committee for further study, and its next steps will depend on the committee's recommendations and any subsequent legislative action.
Compiled from official sources — confirm details with the bill’s official record.
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