After strong opposition from Colorado Chamber members and the business community, House Bill 1012 was successfully defeated this week in the House Judiciary Committee on a vote of 7-4.
The bill would have imposed vague and subjective pricing restrictions in settings like sports arenas and music events, forcing businesses to shift costs elsewhere and driving up prices for consumers. It also would have required delivery apps to disclose specific price information, creating an unrealistic mandate that failed to address the complexity of pricing.
The Colorado Chamber opposed the bill in its Tech Alliance and Legal Reform Alliance, reflecting its broad implications across industries. The Chamber included the bill on its Wallet Watchdog list because its misguided efforts would have led to inherent price increases for consumers in other areas.
The bill died in its first committee hearing on Tuesday after opponents outlined the risks of government imposed pricing restrictions, emphasizing the unintended burden these mandates would place on consumers. The Colorado Chamber also issued an action alert on the bill, with Chamber members making more than 400 contacts with the House Judiciary Committee in opposition to the proposal.
Learn more about the bill’s background on the Colorado Chamber’s podcast and see the latest news from The Sum & Substance.