HR 8622
Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024, aims to stop the use of computer systems and algorithms that could be used to artificially inflate rental prices or reduce the availability of rental housing. It defines key terms like ‘coordinating function’ and ‘consciously parallel pricing coordination’ and establishes that using these systems to manipulate rental markets is unlawful. The bill empowers the Federal Trade Commission and state attorneys general to investigate and prosecute violations, allowing for significant penalties and legal action.
Sponsors
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Primary sponsor
Becca [D-VT-At Large] Balint
Cosponsors
Barbara Lee
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