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Banning Algorithmic Price Fixing to Lower Rental Housing Costs.

This law aims to stabilize or reduce rental prices by prohibiting large property owners (those with 4 or more units) from using shared algorithmic systems to coordinate pricing. Citizens harmed by these practices can sue owners and coordinators, potentially recovering triple the damages sustained. Crucially, the law invalidates pre-dispute arbitration clauses, making it easier for tenants to pursue class actions.
Key points
Owners of 4 or more residential units are banned from using shared algorithmic tools to recommend rental prices, preventing artificial rent inflation.
Individuals harmed by price coordination can file civil lawsuits to recover triple the damages plus legal costs.
Pre-dispute arbitration agreements and class action waivers related to these violations are made unenforceable, strengthening tenant rights.
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Expired
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Additional Information
Print number: 118_S_3692
Sponsor: Sen. Wyden, Ron [D-OR]
Process start date: 2024-01-30
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3692.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-01-30.

What are the main provisions?

Key points include:

  • Owners of 4 or more residential units are banned from using shared algorithmic tools to recommend rental prices, preventing artificial rent inflation.
  • Individuals harmed by price coordination can file civil lawsuits to recover triple the damages plus legal costs.
  • Pre-dispute arbitration agreements and class action waivers related to these violations are made unenforceable, strengthening tenant rights.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Wyden, Ron [D-OR].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Real Estate Economy Courts and Law