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Panel debate on ban of algorithmic rent‑setting and shortening new‑construction exemption moves to another hearing (SB 722)
Summary
Senate Bill 722 — which would prohibit landlords from using algorithmic software that relies on non‑public competitor data and would shorten the exemption period for new construction from 15 years — drew extensive oral testimony for and against on March 19. The committee carried the hearing over for more testimony and technical amendments.
The Senate Committee on Housing and Development took testimony on March 19 on Senate Bill 722, a measure that would (1) prohibit landlords from using commercial algorithmic software that relies on non‑public competitor data to set rents or occupancy rates and (2) reduce the length of time new dwelling units are exempt from residential rent‑increase caps (the current statute provides a 15‑year exemption; the bill as introduced would reduce that to seven years, with a dash‑2 amendment under consideration to reduce the exemption to ten years or a dash‑1 to retain 15 years).
Supporters told the committee that algorithmic pricing tools can function like modern tools for price fixing and fast‑track coordinated rent increases. Portland City Councilor Angelita Murillo noted the federal Department of…
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