To prohibit the use of algorithmic systems to artificially inflate the price or reduce the supply of leased or rented residential dwelling units in the United States.
About This Bill
Committee
Latest Action · January 30, 2024
Read twice and referred to the Committee on the Judiciary.
This bill prohibits rental property owners and software companies from using algorithmic systems to coordinate pricing and reduce housing supply in ways that inflate rents, treating such conduct as illegal under antitrust law. The legislation specifically targets "coordinators"—companies that collect price data from multiple landlords, analyze it, and recommend pricing strategies—making it illegal for property owners to use these services and illegal for the companies to facilitate pricing coordination among landlords. Enforcement is given to the Federal Trade Commission, the Department of Justice, and state attorneys general, who can pursue civil penalties, while renters and other injured parties can sue for triple damages plus attorney fees. The bill applies to property owners with four or more residential units and covers apartments, houses, and similar rental properties but excludes long-term care facilities and other institutional housing. There is no specific funding or timeline mentioned in the legislation.
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