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OH SB79
Bill
Status
2/4/2025
Primary Sponsor
Louis Blessing
Click for details
AI Summary
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Prohibits any person from using or distributing a pricing algorithm that uses, incorporates, or is trained with nonpublic competitor data, treating such use as a conspiracy against trade under Ohio antitrust law
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Creates a legal presumption that a defendant entered into an anticompetitive agreement if they distributed a pricing algorithm to two or more competitors in the same market, or if they used one that another competitor also used to set prices
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Requires businesses with $5 million or more in annual gross receipts to disclose to customers before purchase, and to employees/contractors, when a pricing algorithm sets or recommends prices or commercial terms
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Mandates disclosures must include whether the algorithm sets different prices for different customers seeking identical products, and must identify who developed or distributed the algorithm
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Classifies violations of the disclosure requirements as unfair or deceptive trade practices, and expands Attorney General investigative authority to obtain information on pricing algorithm development and distribution
Legislative Description
Regulate the use of pricing algorithms
Commerce
Last Action
Referred to committee: Financial Institutions, Insurance and Technology
2/12/2025