,,ii #aah? ,,congress #b;d ,session ,s4 #cfib ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #cj1 #bjbd,mr4 ,wyd5 7= himself1 ,mr4 ,wel*1 ,ms4 ,klobu*>1 ,mr4 ,s&]s1 ,mr4 ,blum5?al1 ,ms4 ,hirono1 ,ms4 ,butl]1 & ,mr4 ,m]kley7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ! ,judici>y ,a ,,bill ,to prohibit ! use ( algori?mic sy/ems to artificially inflate ! price or r$uce ! supply ( leas$ or r5t$ resid5tial dwell+ units 9 ! ,unit$ ,/ates4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,prev5t+ ! ,algori?mic ,facilitation ( ,r5tal ,h\s+ ,c>tels ,act ( #bjbd4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,*air ,! t]m ,*air means ! ,*air ( ! ,commission4 7#b7 ,commission ,! t]m ,commission means ! ,f$]al ,trade ,commission4 7#c7 ,consci\sly p>allel pric+ coord9ation ,! t]m consci\sly p>allel pric+ coord9ation means a tacit agreem5t betwe5 #b or m r5tal prop]ty own]s to raise1 l[]1 *ange1 ma9ta91 or manipulate pric+ = ! pur*ase or sale ( reasonably int]*angeable products or s]vices4 7#d7 ,coord9at+ function ,! t]m coord9at+ function means-- 7,a7 collect+ hi/orical or contemporane\s prices1 supply levels1 or lease or r5tal contract t]m9ation & r5ewal dates ( resid5tial dwell+ units f #b or m r5tal prop]ty own]s2 7,b7 analyz+ or process+ ( ! in=mation describ$ 9 subp>agraph 7,a7 us+ a sy/em1 s(tw>e1 or process t uses computation1 includ+ by us+ t in=mation to tra9 an algori?m2 & 7,c7 recomm5d+ r5tal prices1 lease r5ewal t]ms1 or ideal occupancy levels to a r5tal prop]ty own]4 7#e7 ,coord9ator ,! t]m coord9ator means any p]son t op]ates a s(tw>e or data analytics s]vice t p]=ms a coord9at+ function = any r5tal prop]ty own]1 includ+ a r5tal prop]ty own] p]=m+ a coord9at+ function = _! own b5efit4 7#f7 ,p]son ,! t]m p]son has ! mean+ giv5 ! t]m 9 subsection 7a7 ( ! fir/ section ( ! ,clayton ,act 7#ae ,u4,s4,c4 #ab74 7#g7 ,pre-dispute arbitration agreem5t ,! t]m pre-dispute arbitration agreem5t means an agreem5t betwe5 #b or m p>ties to arbitrate a dispute betwe5 ! p>ties t is made be=e any dispute has aris54 7#h7 ,pre-dispute jo9t action waiv] ,! t]m pre-dispute jo9t action waiv] means an agreem5t betwe5 #b or m p>ties1 :i* may be "p ( a pre-dispute arbitration agreem5t1 t-- 7,a7 w\ld prohibit or waive ! "r ( a p>ty to p>ticipate 9 a jo9t1 class1 or collective action 9 a judicial1 arbitral1 adm9i/rative1 or o!r =um relat+ to a dispute betwe5 p>ties2 & 7,b7 is made be=e any dispute has aris54 7#i7 ,resid5tial dwell+ unit ,! t]m resid5tial dwell+ unit-- 7,a7 means any h\se1 ap>tm5t1 accessory unit1 or o!r unit int5d$ to be us$ z a prim>y resid5ce2 & 7,b7 does n include inpati5t m$ical c>e1 lic5s$ long-t]m c>e1 & det5tion or correctional facilities4 7#aj7 ,r5tal prop]ty own] ,! t]m r5tal prop]ty own] means any individual1 corporation1 p>tn]%ip1 association1 jo9t-/ock companies1 tru/s1 or un9corporat$ organizations t owns real prop]ty & leases or r5ts su* prop]ty or any portion !re( 9 ! =m ( #d or m resid5tial dwell+ units4 7#aa7 ,/ate ,! t]m ,/ate means any ,/ate ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 ! ,commonweal? ( ,pu]to ,rico1 & any t]ritory or possession ( ! ,unit$ ,/ates4 #c4 ,unlawful conduct 7a7 ,9 g5]al 7#a7 ,contract or conspiracy 9 re/ra9t ( trade ,x is unlawful = a r5tal prop]ty own]1 9 or affect+ comm]ce1 or any ag5t or subcontractor !re(1 to subscribe to1 contract )1 or o!rwise ex*ange any?+ ( value 9 return = ! s]vices ( a coord9ator1 & su* action %all be deem$ to be a p] se violation ( ! ,%]man ,act 7#ae ,u4,s4,c4 #a et seq474 7#b7 ,facilitation ,x is unlawful = a coord9ator1 9 or affect+ comm]ce1 to facilitate an agreem5t among r5tal prop]ty own]s to n compete ) respect to resid5tial dwell+ units1 includ+ by p]=m+ a coord9at+ function4 7#c7 ,anti-competitive m]g] ,x is unlawful = any coord9ator1 9 or affect+ comm]ce1 to acquire1 directly or indirectly1 ! :ole or any "p ( ! /ock or o!r %>e capital ( ano!r coord9ator if ! acquisition w\ld create an appreciable risk ( mat]ially less5+ competition 9 violation ( section #g ( ! ,clayton ,act 7#ae ,u4,s4,c4 #ah71 or t5d to create a monopoly or monopsony1 & any su* acquisition %all be deem$ a violation ( su* section4 #d4 ,en=cem5t 7a7 ,en=cem5t 7#a7 ,9 g5]al 7,a7 ,f$]al ,trade ,commission ,! ,commission %all en=ce ?is ,act 9 ! same mann]1 by ! same means1 & ) ! same jurisdiction1 p[]s1 & duties z ?\gh all applicable t]ms ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #da et seq47 7 incorporat$ into & made a "p ( ?is ,act4 7,b7 ,attorney ,g5]al ,! ,attorney ,g5]al %all en=ce ?is ,act 9 ! same mann]1 by ! same means1 & ) ! same jurisdiction1 p[]s & duties z ?\gh all applicable t]ms ( ! ,%]man ,act 7#ae ,u4,s4,c4 #a et seq471 ,clayton ,act 7#ae ,u4,s4,c4 #ab et seq471 & ,antitru/ ,civil ,process ,act 7#ae ,u4,s4,c4 #acaa et seq47 7 incorporat$ into & made a "p ( ?is ,act4 7,c7 ,/ate attorneys g5]al ,any attorney g5]al ( a ,/ate %all en=ce ?is ,act 9 ! same mann]1 by ! same means1 & ) ! same jurisdiction1 p[]s & duties z ?\gh all applicable t]ms ( ! ,%]man ,act 7#ae ,u4,s4,c4 #a et seq47 & ! ,clayton ,act 7#ae ,u4,s4,c4 #ab et seq47 7 incorporat$ into & made a "p ( ?is ,act4 7#b7 ,unfair me?ods ( competition ,a violation ( ?is ,act %all also con/itute an unfair me?od ( competition "u section #e ( ! ,f$]al ,trade ,commission ,act 7#ae ,u4,s4,c4 #de74 7#c7 ,indep5d5t litigation au?ority ,if ! ,commission has reason to believe t a p]son violat$ ?is ,act1 ! ,commission may comm5ce a civil action1 9 its own "n by any ( its attorneys designat$ by x = su* purpose1 to recov] a civil p5alty & seek o!r appropriate relief 9 any di/rict c\rt ( ! ,unit$ ,/ates4 7#d7 ,/&>ds ( plead+ ,9 a civil action "u ?is subsection1 a compla9t-- 7,a7 plausibly pleads a violation ( section #a or #c7;a7 ( ! ,%]man ,act 7#ae ,u4,s4,c4 #a1 #c7;a77 if ! compla9t conta9s factual allegations1 includ+ allegations ( consci\sly p>allel pric+ coord9ation1 demon/rat+ t ! exi/5ce ( a contract1 comb9ation 9 ! =m ( tru/ or o!rwise1 or conspiracy 9 re/ra9t ( trade or comm]ce is among ! realm ( plausible possibilities2 & 7,b7 ne$ n allege facts t5d+ to exclude ! possibility ( indep5d5t action4 7b7 ,civil actions by injur$ p]sons 7#a7 ,civil action au?oriz$ ,any p]son :o is aggriev$ by a violation ( ?is ,act may br+ a civil action 9 an appropriate di/rict c\rt ( ! ,unit$ ,/ates1 )\t respect to ! am\nt 9 controv]sy1 to recov] an am\nt describ$ 9 p>agraph 7#b74 7#b7 ,aw>d am\nt 7,a7 ,9 g5]al ,! c\rt %all aw>d to ! pla9tiff ?reefold ! damages su/a9$ by ! pla9tiff & ! reasonable co/ ( litigation1 includ+ a reasonable attorney fee4 7,b7 ,int]e/ on damages ,pursuant to a motion by ! pla9tiff promptly made1 ! c\rt may aw>d simple int]e/ on actual damages su/a9$ by ! pla9tiff = ! p]iod beg9n+ on ! date ( s]vice ( ! plead+ ( ! pla9tiff sett+ =? a claim "u ?is ,act & end+ on ! date ( judgm5t1 or = any %ort] p]iod !re94 7#c7 ,invalidity ( pre-dispute arbitration agreem5ts & pre-dispute jo9t action waiv]s ,at ! election ( ! pla9tiff 9 an action au?oriz$ "u p>agraph 7#a71 a pre-dispute arbitration agreem5t or pre-dispute jo9t action waiv] relat+ to a violation ( ?is ,act %all be invalid or un5=ceable4 #e4 ,relation%ip to ,/ate & local laws ,no?+ 9 ?is ,act may be con/ru$ to preempt any ,/ate1 ,tribal1 city1 or local law1 regulation1 or ord9ance t explicitly supplem5ts ?is ,act4 #f4 ,sev]ability ,if any provision ( ?is ,act1 or ! application ( su* a provision to any p]son or circum/ance1 is held to be uncon/itutional1 ! rema9+ provisions ( ?is ,act1 & ! application ( su* provisions to any p]son or circum/ance %all n be affect$ !reby4