Banning Algorithmic Rent Price Fixing and Coordination by Landlords.
This law strictly prohibits property owners from using shared systems, software, or algorithms to coordinate and recommend rental prices across multiple units. The goal is to restore fair competition in the housing market and protect tenants from artificially inflated rents. Citizens harmed by these practices are empowered to sue those responsible and recover triple the amount of damages sustained.
Key points
Prohibits rental property owners from subscribing to services that collect price data and recommend rental rates for two or more properties (defined as 'Coordinating Functions').
These actions are classified as *per se* violations of antitrust laws, making it easier to prosecute illegal price coordination.
Individuals harmed by rent manipulation can file a civil lawsuit to recover three times the damages sustained (treble damages), plus legal fees, and can invalidate pre-dispute arbitration agreements.
Status:
Introduced
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