Washington, D.C. — In response to new rules proposed today by New York Attorney General Letitia James to protect consumers and small businesses from corporate profiteering and price gouging, the American Economic Liberties Project released the following statement.

“New Yorkers should sleep a little easier knowing they have a fighter like Attorney General James working to protect them from profiteering corporations,” said Pat Garofalo, Director of State and Local Policy at the American Economic Liberties Project. “While big corporations have been able to hide their price gouging behind hazy guidance for years, that’s no longer the case. The new rules are clear: Corporations can’t jack up prices on necessary goods and services during a crisis. We were thrilled to be involved in the development of this robust rulemaking, which we hope inspires other policymakers to stop big corporations from ripping off consumers.”

In April 2022, the American Economic Liberties Project submitted comments to the New York Attorney General’s Office as part of its Advance Notice of Proposed Rulemaking (ANPR) to implement New York State’s law against price gouging. The NY AG’s office cites Economic Liberties’

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The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.