Bill S451 aims to make using algorithmic systems to influence residential rental prices and supply unlawful in New Jersey. Full text details are unavailable, and analysis is speculative.
If you use AI for rental pricing, you must cease or face unspecified consequences.
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Affected Industries
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What This Means
New Jersey's Bill S451 seeks to prohibit the use of algorithmic systems in determining the price and supply of residential rental units. Specific details, including exceptions and penalties, are speculative without the full text.
Key Provisions
- Prohibits the use of algorithmic systems to influence rental prices and supply, pending full text verification. Exceptions, penalties, and enforcement mechanisms are speculative without the full text.
Latest Legislative Action
Reported from Senate Committee with Amendments, 2nd Reading
Bill Sponsors (showing 5 of 17)
| Name | Role |
|---|---|
| Addiego, Dawn Marie | Primary |
| Doherty, Michael J. | Primary |
| Holzapfel, James W. | Primary |
| O'Scanlon, Declan J. | Primary |
| Ruiz, M. Teresa | Primary |
Roll Call Votes
Compliance Checklist
Who: Rental property owners and coordinators
Penalty: Legal penalties under the New Jersey Antitrust Act
Related & Companion Bills
Full Legal Analysis
Official Source
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Affected Industries
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