Loading chat...

OH SB79

Bill

Status

Introduced

2/4/2025

Primary Sponsor

Louis Blessing

Click for details

Origin

Senate

136th General Assembly

AI Summary

  • 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

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Financial Institutions, Insurance and Technology2/12/2025

Full Bill Text

No bill text available