South Carolina small businesses received $1.87 billion through the federal Paycheck Protection Program, or PPP, and were able to revive 280,000 jobs by accessing the loans,...
S.C. Price Gouging Statute in Effect
Attorney General Alan Wilson reminded South Carolinians that the price gouging statute is in effect. It went into effect when Governor Nikki Haley declared a state of emergency due to the flooding across the state. The statute states no business can charge excessive prices during a time if disaster and is in effect for 15 days. Gougers can be fined up to $1000 and/or 30 days in jail.
Wilson said in a release,
“As we continue to recover from the catastrophic damage caused to our state, we will see many neighbors helping each other rebuild. However, we may also see some looking to unfairly take advantage of the situation through price gouging of food, gasoline, lodging, water and any other commodities as defined by the statute. Pursuant to state law, price gouging constitutes a criminal violation and an unfair trade practice."