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Relating to the deceptive trade practice of failure to disclose information regarding the use of artificial intelligence system or algorithmic pricing systems for setting of price.
AI Summary
This bill addresses deceptive trade practices related to AI and algorithmic pricing but does not mandate specific disclosures.
Business Impact
If you use AI or algorithmic pricing in Texas, you must disclose this information to consumers or face potential legal penalties.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
SB2567 aims to address deceptive trade practices in pricing related to AI and algorithmic systems. The bill seeks to ensure consumers are informed about pricing methods.
Key Provisions
- Addresses deceptive trade practices related to AI and algorithmic pricing.
- Focuses on transparency in pricing.
- Aims to protect consumers from misleading pricing strategies.
Latest Legislative Action
Referred to Business & Commerce
Bill Sponsors
| Name | Role |
|---|---|
| West | Primary |
Compliance Checklist
Disclose the use of AI or algorithmic pricing systems in pricing strategies.
Who: Businesses using AI for pricing.
Penalty: Potential legal penalties for non-compliance.
Who: Businesses using AI for pricing.
Penalty: Potential legal penalties for non-compliance.
Full Legal Analysis
SB2567 introduces measures to prevent deceptive trade practices related to pricing. The bill focuses on the use of artificial intelligence systems or algorithmic pricing methods but does not mandate specific disclosures or detail penalties for non-compliance. The bill does not specify a compliance deadline. It reflects a focus on transparency in pricing without detailing a broader movement towards ethical AI use.
Official Source
Official Bill Text
View SB2567 on official legislature website →
Related Topics
Affected Industries
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