SALT LAKE CITY-Monday, as the Utah Legislature’s Business and Labor Interim Committee met, numerous examples of ongoing price gouging occurring in the Beehive State since the coronavirus started, were shared.
While Milcreek Democrat Patrice Arent said she passed a bill outlawing it 15 years ago, lawmakers realize it is a difficult law to enforce statewide.
This panel also discussed the successes and futility experienced because of the Personal Paycheck Program since its enforcement earlier this year.
They discovered, during their meeting, that more than 48,000 businesses have obtained $5.2 billion in loans to keep them afloat during the pandemic.
Utah Banking Association President/CEO Howard Headlee said these $5.2 billion granted to small businesses could prove to be highly effective for the economy.
