This bill would prohibit rental property owners and software companies from using algorithms to artificially inflate housing prices or reduce rental supply in ways that harm competition. Specifically, it targets "coordinators"—software or data analytics services that collect pricing information from multiple landlords and recommend rental rates—making it illegal for landlords to use such services and for the services themselves to facilitate price coordination among competitors. The bill affects property owners with four or more residential units and the companies that provide pricing recommendation software to them. Enforcement authority rests with the Federal Trade Commission, the U.S. Attorney General, and state attorneys general, all armed with the same powers they use to prosecute other antitrust violations. The legislation also allows renters harmed by violations to sue for triple damages plus legal costs, and it prevents companies from using arbitration agreements or class-action waivers to shield themselves from lawsuits by injured tenants.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.