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NY A01417
Bill
Status
1/9/2025
Primary Sponsor
Linda Rosenthal
Click for details
AI Summary
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Prohibits any person or entity from knowingly or recklessly facilitating agreements between two or more residential rental property owners or managers to not compete on rental pricing
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Bans operating or licensing software, data analytics services, or algorithmic devices that perform "coordinating functions" for multiple landlords, including collecting pricing data, analyzing it computationally, and recommending rental prices or lease terms
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Defines "coordinating function" as collecting historical or current prices, supply levels, and lease dates from multiple unrelated property owners, processing that data using algorithms, and making rental price or lease term recommendations
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Exempts algorithmic tools used solely for establishing rent limits under rent stabilization laws, rent control laws, or government-administered affordable housing programs
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Takes effect 60 days after becoming law and violations constitute unlawful anti-competitive conduct under New York's General Business Law
Legislative Description
Prohibits a person or entity from knowingly or with reckless disregard facilitate an agreement between or among two or more residential rental property owners or managers to not compete with respect to residential rental dwelling units, including by operating or licensing a software, data analytics service, or algorithmic device that performs a coordinating function on behalf of or between and among such residential rental property owners or managers.
Last Action
substituted by s7882
6/10/2025