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HB24-1259

Price Gouging in Rent Declared Disaster

Concerning price gouging in housing rental prices during a declared disaster.
Session:
2024 Regular Session
Subject:
Housing
Bill Summary

The act prohibits price gouging in the provision of or offer to provide rent-based housing during a disaster period and within the designated disaster area if the disaster declaration specifically declares a material decrease in residential housing units. A violation of the act is an unfair and unconscionable act or practice.

APPROVED by Governor June 5, 2024

EFFECTIVE June 5, 2024
(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. K. Brown, Rep. M. Weissman
Sen. L. Cutter

Sponsor

Co-sponsor

Rep. J. Amabile, Rep. J. Bacon, Rep. S. Bird, Rep. A. Boesenecker, Rep. C. Clifford, Rep. M. Duran, Rep. M. Froelich, Rep. L. García, Rep. E. Hamrick, Rep. T. Hernández, Rep. L. Herod, Rep. I. Jodeh, Rep. J. Joseph, Rep. C. Kipp, Rep. S. Lieder, Rep. M. Lindsay, Rep. W. Lindstedt, Rep. J. Mabrey, Rep. J. Marvin, Rep. J. McCluskie, Rep. K. McCormick, Rep. J. Parenti, Rep. M. Rutinel, Rep. E. Sirota, Rep. T. Story, Rep. B. Titone, Rep. E. Velasco, Rep. S. Vigil, Rep. J. Willford, Rep. S. Woodrow, Rep. C. deGruy Kennedy
Sen. J. Buckner, Sen. T. Exum, Sen. J. Gonzales, Sen. N. Hinrichsen, Sen. S. Jaquez Lewis, Sen. C. Kolker, Sen. D. Michaelson Jenet, Sen. F. Winter

The Colorado Senate and House of Representatives will not convene on Monday, January 20, 2025 in observance of Dr. Martin Luther King Jr. day.

The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details