Cost of Living Commission Amendment Act 2026

What this bill does

This bill updates a 1974 law to allow the Cost of Living Commission to use modern digital technology (like apps, websites, and online systems) to collect and share price information about essential goods. Currently, the law only mentions "electronic" methods, so this change adds "digital" options to make the system more flexible and up-to-date.

If passed (voted YES)

• Businesses could be required to report prices of essential items through digital platforms like mobile apps or online portals, not just older electronic systems
• The public could access price comparison information through modern digital channels like websites, apps, or social media
• The Commission could collect price updates more frequently using digital tools to keep information current

If rejected (voted NO)

• The Commission would continue using only the existing "electronic" methods mentioned in the 1974 law
• Digital platforms and modern online tools couldn't be officially used for collecting or sharing price information
• The current system for tracking and sharing essential commodity prices would remain unchanged

Who it affects

This primarily affects Bermuda consumers who shop for essential goods and businesses that sell essential commodities, as both groups would benefit from more accessible and up-to-date price information through digital platforms.