Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
With a committee
A small team of lawmakers (a committee) is reading it closely and deciding if it's a good idea.
Next: the committee votes on whether it moves to the full chamber.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Fiscal Summary NOT SIGNIFICANT Bill Summary This bill establishes that it is an unlawful restraint of trade or commerce for a natural person or a legal entity (together, "person") to knowingly or recklessly facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of, or between and among, such residential rental property owners or managers. This bill establishes that it is an unlawful restraint of trade or commerce for a residential rental property owner or manager to knowingly or recklessly set or adjust rental prices, lease renewal terms, occupancy levels, or other lease terms and conditions in one or more of the owner's or manager's residential rental properties based on recommendations from a software, data analytics service, or algorithmic device performing a coordinating function. As used above, a "coordinating function" means performing all of the following: Collecting historical or contemporaneous prices, supply levels, or lease or rental contract termination and renewal dates of residential dwelling units from two or more residential rental property owners or managers, if at least two such owners or managers are not wholly owned subsidiaries of the same parent entity or otherwise owned or managed by the same owner or manager. Analyzing or processing such information using a system, software, or process that uses computation, including by using that information to train an algorithm. Recommending rental prices, lease renewal terms, ideal occupancy levels, or other lease terms and conditions to a residential rental property owner or manager. However, thi
