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HI HB831
Bill
Status
1/23/2025
Primary Sponsor
Tina Grandinetti
Click for details
AI Summary
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Prohibits rental property owners and agents from using coordinator services (property management software) that collect and analyze rental pricing data from multiple owners to recommend prices or occupancy levels.
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Makes it unlawful for coordinators to facilitate agreements among rental property owners that restrict competition through algorithmic price-setting, and prohibits two or more owners from engaging in consciously parallel pricing coordination.
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Establishes civil action standards requiring complaints to show only that a pricing coordination violation is among plausible possibilities, without needing to exclude independent action.
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Requires the Attorney General to develop a public education program including information on the department's website and steps for consumers to report suspected violations.
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Imposes penalties of up to $100,000 or three years imprisonment for natural persons, and up to $1,000,000 fine for non-natural persons who violate the provision.
Legislative Description
Relating To Antitrust.
Attorney General
Last Action
Referred to CPC, JHA, FIN, referral sheet 3
1/23/2025