Housing Price Transparency Act

This bill would require anyone who uses an algorithm to recommend or set prices for rental housing to clearly disclose that an algorithm was used to set monthly rates. The Federal Trade Commission would enforce the rule as an unfair or deceptive practice. State attorneys general could sue on behalf of residents, after notifying the Federal Trade Commission. People harmed by a violation could sue in federal court for actual losses or at least $10,000 per violation, whichever is greater, plus costs and attorney's fees, within 2 years of discovering the violation.

Full text and official record on Congress.gov

Sponsors

• Kathy Castor Democrat sponsor
• 0 cosponsors