Prohibits the use of algorithms to set rental prices in Hawaii, aiming to prevent artificially inflated rents.
This bill addresses Hawaii's affordable housing crisis by prohibiting the use of algorithms to set rental prices. It targets rental property owners and software providers who facilitate price-fixing through coordinated pricing strategies. The bill mandates a public education program by the Department of the Attorney General to inform citizens about these practices and potential violations. It also outlines penalties for violations, including fines and imprisonment. The bill aims to restore competition in the rental market and prevent artificially inflated rental prices.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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