price regulation; abnormal market disruptions

SB 1188 bans price hikes of 25% or more for essential goods and services (like food, medicine, or utilities) during declared emergencies when market disruptions occur - such as natural disasters, power outages, or civil unrest. It applies to all sellers in the supply chain, from manufacturers to retailers, and requires the attorney general to enforce the rule. Violations are classified as misdemeanors, with intentional violations carrying harsher penalties. The law only takes effect when a governor declares a state of emergency for the disruption.