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Bill > A01417


NY A01417

NY A01417
Prohibits a person or entity from knowingly or with reckless disregard 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.


summary

Introduced
01/09/2025
In Committee
06/06/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the general business law, in relation to the use of algorithmic pricing by a landlord for the purpose of determining the amount of rent to charge a residential tenant

AI Summary

This bill prohibits landlords from using algorithmic devices to set or adjust rental prices, lease terms, or occupancy levels for residential properties. The legislation defines key terms such as "algorithm" (a computational process using a set of rules), "algorithmic device" (a machine or software that performs a coordinating function), and "coordinating function" (a process involving collecting rental data from multiple property owners, analyzing that data, and recommending rental prices or lease terms). Specifically, the bill makes it unlawful for landlords to knowingly use software or data analytics services that facilitate anti-competitive practices or set rental prices based on recommendations from such algorithmic devices. The bill includes an important exception for affordable housing programs administered by government entities. Violations of these provisions would be considered an unlawful agreement under the law. The bill is designed to prevent potential price-fixing and algorithmic manipulation of rental markets, protecting tenants from potentially unfair or coordinated pricing strategies. The law will go into effect 60 days after it is signed, giving landlords and property managers time to adjust their practices to comply with the new requirements.

Committee Categories

Housing and Urban Affairs

Sponsors (5)

Last Action

Companion passed 2025-10-16 (on 10/16/2025)

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