SB 384 (Wahab D) Preventing Algorithmic Price Fixing Act: prohibition on price-fixing algorithm use.

Current Text: Amended: 6/26/2025
Last Amend: 6/26/2025
Status: 6/26/2025-From committee with author's amendments. Read second time and amended. Rereferred
to Com. on JUD.
Location: 6/9/2025-A. JUD.
Summary: Current law governs various business practices in this state, including certain laws relating
to the use of technology. This bill, the Preventing Algorithmic Price Fixing Act, would prohibit a person
from selling, licensing, providing, or using a price-setting algorithm, as defined, with the intent that it
be used by 2 or more competitors, as defined, in the same market if the person knows or should know
that the algorithm processes nonpublic data, as defined, to set either: (1) a price or supply level of a
good or service or (2) a rent or occupancy level of rental property. The bill would provide a person an
affirmative defense to liability if the person exercised reasonable due diligence, as specified.