Bill > HB665

This bill aims to regulate the use of pricing algorithms by prohibiting their use with nonpublic competitor data, which is defined as private information about competitors that is not easily accessible to the public. It also introduces new disclosure requirements for businesses with significant gross receipts (five million dollars or more) that use pricing algorithms. These businesses must inform customers before a purchase and current or prospective employees or independent contractors if a pricing algorithm is used to set or recommend prices or commercial terms, and provide specific details about how the algorithm operates, including whether it creates different prices for different customers or service providers, and who developed or distributed it. The bill also clarifies the Attorney General's investigative powers regarding pricing algorithms and expands the definition of "documentary material" to include information about the development and distribution of these algorithms. Violations of the disclosure requirements are considered unfair or deceptive practices.

Business and Industry

https://www.legislature.ohio.gov/legislation/136/hb665