Bill > HB06497

This bill aims to regulate how residential rental property owners set their rental prices by introducing three key restrictions. First, property owners would be prohibited from using competitors' sensitive data to train or operate pricing models, which means they cannot leverage confidential market information from other rental property managers to determine their own rental rates. Second, the bill would require that any third-party software or algorithms used to price rental units must be supervised by a court-appointed monitor, ensuring transparency and preventing potentially unfair pricing practices. Third, property owners would be banned from soliciting or sharing competitively sensitive information with other property managers when establishing rental prices or generating pricing recommendations. The overall purpose of the legislation is to prevent anti-competitive practices in the rental market, protect renters from potentially manipulated pricing strategies, and promote fair pricing based on legitimate market factors rather than potentially collusive data sharing or algorithmic price-setting. By introducing these restrictions, the bill seeks to create a more transparent and equitable rental pricing environment.

Housing and Urban Affairs

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06497&which_year=2025