Bill > S3207

This bill aims to prevent rent price manipulation by establishing new legal restrictions on how rental property owners and third-party coordinators can collect, analyze, and share rental market information. The bill defines several key terms, including a "coordinating function" which involves collecting historical rental prices, analyzing that data using algorithms, and recommending rental prices to multiple property owners. Under the bill, it would become unlawful for rental property owners to contract with or exchange anything of value for coordinating services, and it would be illegal for any person to perform a coordinating function that could potentially manipulate rental prices. The Federal Trade Commission (FTC), the Attorney General, and state attorneys general would have enforcement powers, with the ability to pursue civil actions and impose penalties. Additionally, individuals who are negatively impacted by violations can bring their own civil lawsuits and potentially recover threefold damages and legal costs. The bill explicitly does not supersede existing antitrust laws and allows for stronger state-level protections, while also maintaining a severability clause that ensures other provisions remain valid if any part of the law is found unconstitutional.

Justice

https://www.congress.gov/bill/119th-congress/senate-bill/3207/all-info