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Bill > HB1057

CO HB1057

Prohibit Algorithmic Devices Used for Rent Setting

summary

Introduced
01/10/2024
In Committee
04/09/2024
Crossed Over
03/06/2024
Passed
Dead
05/08/2024

Introduced Session

2024 Regular Session

Bill Summary

The bill states that a landlord may not employ or rely upon an algorithmic device in setting the amount of rent to be charged to a tenant for the occupancy of a residential premises. A violation of the prohibition is an unfair or deceptive trade practice under the "Colorado Consumer Protection Act" and may be punished accordingly.

AI Summary

This bill prohibits landlords from using algorithmic devices, which are devices that use algorithms to calculate and recommend rent amounts, to set the rent for residential properties. The bill defines "algorithmic device" and "nonpublic competitor data" and specifies that a violation of this prohibition is an unfair or deceptive trade practice under the Colorado Consumer Protection Act. The bill provides an exception for algorithmic devices that use publicly available data on executed leases. The bill takes effect 90 days after the end of the legislative session, unless a referendum petition is filed, in which case it would take effect after the 2024 general election if approved by voters.

Committee Categories

Housing and Urban Affairs

Sponsors (38)

Julie Gonzales (D)*,  Nick Hinrichsen (D)*,  Javier Mabrey (D)*,  Steven Woodrow (D)*,  Judith Amabile (D),  Jennifer Bacon (D),  Andrew Boesenecker (D),  Kyle Brown (D),  Janet Buckner (D),  Chad Clifford (D),  Lisa Cutter (D),  Tony Exum (D),  Rhonda Fields (D),  Meg Froelich (D),  Lorena García (D),  Tim Hernández (D),  Leslie Herod (D),  Sonya Jaquez Lewis (D),  Iman Jodeh (D),  Chris Kennedy (D),  Cathy Kipp (D),  Sheila Lieder (D),  Mandy Lindsay (D),  Julia Marvin (D),  Tisha Mauro (D),  Karen McCormick (D),  Dafna Michaelson Jenet (D),  Kevin Priola (D),  Naquetta Ricks (D),  Manny Rutinel (D),  Emily Sirota (D),  Tammy Story (D),  Brianna Titone (D),  Elizabeth Velasco (D),  Stephanie Vigil (D),  Michael Weissman (D),  Jenny Willford (D),  Faith Winter (D), 

Last Action

Senate Considered House Adherence - Result was to Adhere (on 05/01/2024)

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Document Type Source Location
State Bill Page https://leg.colorado.gov/bills/hb24-1057
Fiscal Note FN2 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1057_f1.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1057_rer.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1057_rev.pdf
Second Reading Amendment L.014 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/73972B1E4D0A3BF887258AFD00579F70/HB1057_L.014.pdf
Senate Local Government & Housing Amendment L.012 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/9D9B29730C29B59C87258AF9006A72C0/HB1057_L.012.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1057_ren.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1057_eng.pdf
Second Reading Amendment L.010 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/B632CC1D2F4F8F8287258AD30073FF4C/HB1057_L.010.pdf
Second Reading Amendment L.006 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/855DAFA1163A1C6D87258AD3005BAAB3/HB1057_L.006.pdf
House Transportation, Housing & Local Government Amendment L.001 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/A9E9ADEF4450DF7787258AB5006063ED/HB1057_L.001.pdf
House Transportation, Housing & Local Government Amendment L.004 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/4D83A052A2F318E187258AB500789CDE/HB1057_L.004.pdf
House Transportation, Housing & Local Government Amendment L.003 https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/EDC2B672A92283DD87258AB500670BD4/HB1057_L.003.pdf
Fiscal Note FN1 https://leg.colorado.gov/sites/default/files/documents/2024A/bills/fn/2024a_hb1057_00.pdf
BillText https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1057_01.pdf
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