Establishes "Forbidding the Algorithmic Inflation of Rent (FAIR) Act." *
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
The "Forbidding the Algorithmic Inflation of Rent (FAIR) Act" aims to address rising rental costs in New Jersey by prohibiting landlords and property management companies from using algorithms to coordinate and inflate rents. The bill defines key terms like ‘coordinating function’ and ‘parallel pricing coordination’ to target the use of software that analyzes competitive data to fix prices. It seeks to prevent landlords from colluding to raise rents and protect tenants from unfair pricing practices, aligning with the state’s commitment to affordable housing.
Bill text
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Document of record
- Version
- Assembly Committee Substitute
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Sponsors
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21 on record
Primary sponsors
M. Ruiz
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