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NJ S451
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Brian Stack
Click for details
AI Summary
- Prohibits rental property owners from using algorithmic pricing software or services that collect pricing data from multiple landlords and recommend rental prices, lease terms, or occupancy levels
- Defines "coordinating function" as collecting rent/supply data from two or more property owners, processing it through algorithms, and making pricing recommendations to landlords
- Makes violations subject to enforcement under the New Jersey Antitrust Act (P.L.1970, c.73)
- Cites New Jersey's housing crisis, noting median rent for three-bedroom apartments increased 35% statewide from 2021-2024, with Hoboken studio rents rising 61% in the same period
- Takes effect on the first day of the fourth month following enactment; exempts government-administered affordable housing programs from the definition of prohibited "coordinators"
Legislative Description
Makes use of algorithmic systems to influence price and supply of residential rental units unlawful.
2nd Reading in the Senate
Last Action
Reported from Senate Committee with Amendments, 2nd Reading
3/5/2026
Committee Referrals
Community and Urban Affairs1/13/2026
Full Bill Text
No bill text available