Fighting Price Gouging

A bill that would allow the state to go after price gouging received the green light from the senate today.

In the case of an economic disruption like a natural disaster or act of terrorism, the Governor would be allowed to in effect activate this bill.
If any stores started selling products or gas at too high a price, the Department of Consumer Protection could eventually fine them up to $10,000 for gouging the public.

The bill passed 31–1. But one senator thought it didn't go far enough.
He wanted to impose a windfall tax on oil companies for price gouging.

"I'm going to vote for the thing,” Democratic Senator Russ Decker, of Abbotsford, says. “It's not doing a whole lot. The Governor will sign it. Why would he veto it? It's like going elephant hunting with a BB gun, which is somewhat better than a flyswatter, but either way it's not going to do very much to slow anything down."

Senator Decker's amendment was defeated. The bill still needs to be approved by the Assembly.

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