Consumer protection: other; surveillance pricing; prohibit. Amends secs. 3, 5 & 11 of 1976 PA 331 (MCL 445.903 et seq.) & adds sec. 3p.

This bill amends Michigan's Consumer Protection Act to prohibit merchants from charging consumers prices that are grossly in excess of what similar products or services cost elsewhere. It directly affects businesses and consumers by establishing clearer rules against predatory pricing practices. The key provision adds a new unfair practice definition that makes it unlawful to charge prices significantly higher than market rates for comparable goods or services. This change aims to protect consumers from price gouging while maintaining the existing framework of consumer protection laws.