Consumer Protection: Higher Penalties for Unsafe Products and Mandatory Inflation Adjustment
This bill significantly increases the maximum civil penalties that can be imposed on companies selling unsafe products, aiming for stronger consumer protection. The maximum penalty for a single violation is raised, and the overall cap for related violations is removed entirely. Furthermore, the law mandates annual inflation adjustments to ensure that these penalties maintain their deterrent effect over time.
Key points
The maximum civil penalty for an individual product safety violation increases from $100,000 to $250,000.
The $15,000,000 maximum cap for any related series of violations is eliminated, potentially leading to much higher fines for companies.
Mandatory annual adjustment of maximum civil penalties based on the Consumer Price Index (inflation) is introduced.
These changes are designed to enhance corporate accountability and improve the safety of consumer products.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.