Bill Text: IL HB3562 | 2023-2024 | 103rd General Assembly | Introduced

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Bill Title: Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it shall be an unfair or deceptive act or practice for any petroleum-related business to sell or offer to sell any petroleum product for an amount that represents an unconscionably high price.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2025-01-07 - Session Sine Die [HB3562 Detail]

Download: Illinois-2023-HB3562-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB3562 Introduced , by Rep. Dave Vella SYNOPSIS AS INTRODUCED:
815 ILCS 505/2BBBB new
Amends the Consumer Fraud and Deceptive Business Practices Act. Provides that it shall be an unfair or deceptive act or practice for any petroleum-related business to sell or offer to sell any petroleum product for an amount that represents an unconscionably high price.
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A BILL FOR
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AN ACT concerning business.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Consumer Fraud and Deceptive Business
Practices Act is amended by adding Section 2BBBB as follows:
(815 ILCS 505/2BBBB new)
Sec. 2BBBB. Petroleum products price gouging.
(a) As used in this Section:
"Petroleum product" includes, but shall not be limited to,
motor fuels, as defined in Section 1.1 of the Motor Fuel Tax
Law, and fuel oil used for heating or cooking purposes.
"Petroleum-related business" means any producer, supplier,
wholesaler, distributor, or retail seller of any petroleum
product.
(b) It is an unlawful practice under this Act for any
petroleum-related business to sell or offer to sell any
petroleum product for an amount that represents an
unconscionably high price.
(c) For the purposes of subsection (b), a price is
unconscionably high if:
(1) the amount charged represents a gross disparity
between the price of the petroleum product and the price
at which the same or similar petroleum product is readily

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obtainable by other buyers in the trade area; and
(2) the disparity is not substantially attributable to
increased prices charged by the petroleum-related business
suppliers or increased costs due to an abnormal market
disruption.