Senator Klobuchar proposes bill to curb rent hikes by regulating algorithm use in pricing.

Senator Amy Klobuchar introduced the "Preventing Algorithmic Collusion Act," a bill targeting high rents in major cities. The legislation aims to stop companies from using rental market data and algorithms to set higher rents, requiring disclosure from rental companies and directing the FTC to study competition impacts. The bill needs bipartisan support to pass in the Republican-controlled Senate and House.

1 month ago
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