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Committee introduces RS32044C1 to target algorithm-driven price-fixing in rental markets
Summary
Rep. Todd Achilles presented a request-scratch (RS) to modernize antitrust statutes to address third-party services that collect competitors' pricing data and use algorithms to coordinate rent increases; the committee voted to introduce RS32044C1.
BOISE, Idaho — The House State Affairs Committee agreed to introduce RS32044C1 after Representative Todd Achilles (R-District 16) described a proposal aimed at closing a perceived loophole in Idaho's antitrust laws.
"We all want free markets, and competitive markets," Achilles told the committee, saying RS32044C1 would make clear that sharing confidential pricing data with a third-party service that aggregates it into algorithmic pricing recommendations is…
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