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Assembly committee advances bill to bar use of third‑party rent‑setting tools that coordinate prices
Summary
The Assembly Housing Committee favorably released A4872 after testimony from tenant advocates, labor groups and industry opponents. The bill would prohibit facilitation of agreements among rental property owners that restrict competition, including coordination via third‑party pricing platforms.
The Assembly Housing Committee on Monday voted to release Assembly Bill A4872 as amended, a measure the sponsor says would block landlords and third‑party platforms from facilitating marketwide rent coordination.
Sponsor and committee leaders framed the bill as a response to federal and investigative attention to algorithmic rent‑setting. "Housing affordability remains a pressing concern," the sponsor said, arguing the legislation is necessary to prohibit schemes that reduce competition in local rental markets.
Supporters told the committee that third‑party rent‑setting platforms can synthesize private and public data to produce price recommendations adopted…
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