Bill > S07882

This bill proposes to amend New York's general business law to prohibit certain anti-competitive practices in the residential rental market, specifically targeting algorithmic tools that coordinate pricing and lease terms among multiple property owners. The bill defines key terms like "algorithm" (a computational process using rules) and "coordinating function" (a process involving collecting rental data from different owners, analyzing that data, and recommending prices or lease terms). Under the proposed law, it would be unlawful for a person or entity to knowingly facilitate an agreement between rental property owners to not compete, including through software, data analytics services, or algorithmic devices that perform a coordinating function. The bill also makes it illegal for property owners to set rental prices or lease terms based on recommendations from such coordinating tools. Importantly, the law includes an exception for tools used in affordable housing programs or rent-controlled settings. The bill aims to prevent potential price-fixing and anti-competitive behavior in the rental market by restricting the use of technology that could enable such practices. The law would go into effect 60 days after being signed.

Business and Industry, Housing and Urban Affairs, Justice

https://www.nysenate.gov/legislation/bills/2025/S7882