AN ACT AUTHORIZING THE OFFICE OF THE ATTORNEY GENERAL TO INVESTIGATE AND INITIATE LEGAL PROCEEDINGS IN RESPONSE TO ALLEGED PRICE GOUGING BY THE INSURANCE, PHARMACEUTICAL, PHARMACY BENEFIT MANAGEMENT AND UTILITY SECTORS.

SB 458 authorizes Connecticut's Attorney General to investigate and take legal action against price gouging by insurance companies, pharmaceutical manufacturers, pharmacy benefit managers, and utility providers. The bill directly affects these four sectors and protects residents by targeting unfair pricing practices that make essential services unaffordable. Key provisions let the Attorney General seek court orders, damages, or other relief when businesses engage in deceptive or exploitative pricing. It focuses on accountability for practices that compromise access to healthcare and utilities, without specifying new price limits. The law aims to strengthen enforcement against egregious pricing without altering existing consumer protections.