BAN PRICE COORDINATION-RENT
Illinois bill bans landlords from coordinating rental prices through shared data or algorithms to maintain artificial price floors, with penalties and tenant lawsuits allowed.
Illinois bill bans landlords from coordinating rental prices through shared data or algorithms to maintain artificial price floors, with penalties and tenant lawsuits allowed.
SB 3678 prohibits landlords and property managers from coordinating rental prices through shared algorithms, data exchanges, or other mechanisms that artificially suppress competition in the rental market. The bill establishes penalties for violations and creates enforcement mechanisms through Illinois's attorney general and private right of action for tenants.
Rising rents have made housing increasingly unaffordable for Illinois renters, and evidence suggests some property management companies use coordinated pricing tools to keep rates artificially high. This bill addresses a specific market practice that economists argue reduces price competition and harms renters, particularly in tight housing markets where alternatives are limited.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.