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Senate approves bill to ban certain algorithmic rental-pricing tools after hours of debate
Summary
The Colorado Senate passed House Bill 1004, which restricts the sale and use of algorithmic pricing tools intended for use by multiple landlords in the same housing market. Supporters said the measure targets collusive software used by large landlords; opponents said it risks harming small landlords and consumer access to market data.
The Colorado Senate on April 23 voted to adopt House Bill 1004, a measure that restricts the sale or distribution of algorithmic devices intended to set or recommend rental prices when those devices will be used by multiple landlords in the same or related markets.
Supporters argued the bill targets opaque tools that let large property owners coordinate pricing. “Is it still collusion if it happens under the nice clean, bridal, veneer of a shiny algorithm? Or is collusion still bad, no matter where it happens?” said Senator Gonzales, the bill’s sponsor, invoking the risk that automated tools can produce…
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