New York S 1573: Prohibits the use of algorithmic systems to artificially inflate the price or reduce the supply of leased or rented residential dwelling units

Bill Text

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S01573 Summary:

BILL NOS01573 

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SAME ASNo Same As

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SPONSORKRUEGER

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COSPNSRCLEARE

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MLTSPNSR

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Add §222-a, RP L

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Prohibits the collecting of information of historical or contemporaneous prices, supply levels, or lease or rental contract termination and renewal dates of residential dwelling units from two or more rental property owners for purposes of analyzing or processing of such information using an algorithm and of recommending rental prices, lease renewal terms, or ideal occupancy levels to a rental property owner.

Go to top S01573 Actions:

BILL NOS01573 

&nbsp

01/10/2025REFERRED TO JUDICIARY

01/07/2026REFERRED TO JUDICIARY

Go to topS01573 Committee&nbspVotes:

Go to topS01573 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS01573 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1573

 2025-2026 Regular Sessions

 IN SENATE

 January 10, 2025
 ___________

 Introduced by Sens. KRUEGER, CLEARE -- read twice and ordered printed,
 and when printed to be committed to the Committee on Judiciary

 AN ACT to amend the real property law, in relation to prohibiting the
 use of algorithmic systems to artificially inflate the price or reduce
 the supply of leased or rented residential dwelling units in the state

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "New York Preventing the Algorithmic Facilitation of Rental Housing
 3 Cartels Act of 2024".
 4 § 2. The real property law is amended by adding a new section 222-a to
 5 read as follows:
 6 § 222-a. Algorithmic systems. 1. As used in this section:
 7 (a) "Consciously parallel pricing coordination" means a tacit agree-
 8 ment between two or more rental property owners to raise, lower, change,
 9 maintain, or manipulate pricing for the purchase or sale of reasonably
 10 interchangeable products or services.
 11 (b) "Coordinating function" means:
 12 (i) collecting historical or contemporaneous prices, supply levels, or
 13 lease or rental contract termination and renewal dates of residential
 14 dwelling units from two or more rental property owners;
 15 (ii) analyzing or processing of the information described in subpara-
 16 graph (i) of this paragraph using a system, software, or process that
 17 uses computation, including by using that information to train an algo-
 18 rithm; and
 19 (iii) recommending rental prices, lease renewal terms, or ideal occu-
 20 pancy levels to a rental property owner.
 21 (c) "Coordinator" means any person that operates a software or data
 22 analytics service that performs a coordinating function for any rental
 23 property owner, including a rental property owner performing a coordi-
 24 nating function for their own benefit.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03759-01-5

 S. 1573 2

 1 (d) "Division" means the division of housing and community renewal.
 2 (e) "Person" means any individual, corporation, partnership, associ-
 3 ation, trustee, municipality or other legal entity, including corpo-
 4 rations and associations existing under or authorized by the laws of
 5 either the United States, the laws of any of the territories, the laws
 6 of any state, or the laws of any foreign country; provided that "person"
 7 shall not include the state or any state agency.
 8 (f) "Pre-dispute arbitration agreement" means an agreement between two
 9 or more parties to arbitrate a dispute between the parties that is made
 10 before any dispute has arisen.
 11 (g) "Pre-dispute joint action waiver" means an agreement between two
 12 or more parties, which may be part of a pre-dispute arbitration agree-
 13 ment, that:
 14 (i) would prohibit or waive the right of a party to participate in a
 15 joint, class, or collective action in a judicial, arbitral, administra-
 16 tive, or other forum relating to a dispute between two parties; and
 17 (ii) is made before any dispute has arisen.
 18 (h) "Residential dwelling unit" means any house, apartment, accessory
 19 unit, or other unit intended to be used as a primary residence; provided
 20 that "resident