Bill > S01573

This bill, known as the "New York Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024," aims to prevent rental property owners from using algorithmic systems to manipulate rental prices or reduce housing supply. The legislation prohibits rental property owners from subscribing to or using services that collect pricing and lease information from multiple property owners, analyze that data using algorithms, and then recommend rental prices, lease terms, or occupancy levels. The bill defines key terms such as "coordinating function" and "coordinator" to cover software or data analytics services that aggregate and process rental market information. It makes it unlawful for rental property owners to exchange anything of value for such services, for coordinators to facilitate anti-competitive agreements among property owners, or for coordinators to acquire other coordination services in a way that could substantially reduce market competition. The Attorney General is empowered to bring civil actions against violators, with potential injunctions and monetary penalties, and the bill specifically invalidates any pre-dispute arbitration agreements or joint action waivers related to these violations. The legislation does not preempt any local laws that might provide additional protections and is designed to prevent tacit agreements that could artificially inflate rental prices or manipulate housing market dynamics.

Justice

https://www.nysenate.gov/legislation/bills/2025/S1573