Tennessee SB1807 prohibits entities from using personalized algorithmic pricing for goods and services in the state.
Tennessee SB1807 amends the Tennessee Code to prohibit entities from setting prices using personalized algorithmic pricing for goods and services in the state. This means that algorithms using personal data to dynamically adjust prices are not allowed. The act defines key terms such as "algorithm," "consumer," "dynamic pricing," and "personal data." Entities subject to this prohibition include financial institutions, banks, credit unions, and other businesses operating in Tennessee.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.