Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024

This bill bans rental property owners (with 4+ units) and software services from using algorithms that coordinate pricing or lease terms among landlords, which could enable price-fixing. It specifically prohibits "coordinating functions" like collecting and analyzing rental data to recommend prices or occupancy levels, deeming such use a per se violation of antitrust law. The Federal Trade Commission and state attorneys general can enforce these rules, and victims of violations can sue for triple damages. Pre-dispute arbitration agreements or waivers preventing class actions related to these violations are also invalidated.