Hawaii HB831 aims to prevent artificially inflated rental prices by prohibiting the use of algorithmic price-setting in Hawaii's rental market.

Hawaii HB831 seeks to address the state's affordable housing crisis by targeting artificially inflated rental prices. The bill prohibits the use of algorithmic price-setting in Hawaii's rental market, where landlords use property management software to collude and set prices. The bill defines "consciously parallel pricing coordination" as a tacit agreement among rental property owners to manipulate pricing. Violations are punishable by fines and imprisonment.

Hawaii HB831 aims to prevent artificially inflated rental prices by prohibiting the use of algorithmic price-setting in Hawaii's rental market.

Hawaii HB831 seeks to address the state's affordable housing crisis by targeting artificially inflated rental prices. The bill prohibits the use of algorithmic price-setting in Hawaii's rental market, where landlords use property management software to collude and set prices. The bill defines "consciously parallel pricing coordination" as a tacit agreement among rental property owners to manipulate pricing. Violations are punishable by fines and imprisonment.