Fair Grocery Pricing Act

Bill 119 HR 1788, also known as the Algorithmic Food Pricing and Supply Act, aims to prevent food producers from using algorithmic systems to manipulate the price or availability of their products. The bill specifically targets the practice of artificially inflating prices or reducing supply in order to increase profits.

If passed, this legislation would make it illegal for food producers to use algorithms to set prices that do not accurately reflect market conditions or to limit the availability of their products in order to create artificial scarcity. The goal of the bill is to promote fair competition in the food industry and protect consumers from price gouging and supply shortages.

Supporters of the bill argue that it is necessary to prevent food producers from taking advantage of consumers through deceptive pricing practices. They believe that by prohibiting the use of algorithmic systems for these purposes, the bill will help ensure that food prices remain fair and that consumers have access to a wide variety of affordable food options. Opponents of the bill may argue that it interferes with the free market and could potentially harm food producers who rely on algorithms for pricing and supply management. However, proponents of the legislation maintain that it is necessary to prevent unfair practices that harm consumers and distort the market. Overall, Bill 119 HR 1788 seeks to promote transparency and fairness in the food industry by prohibiting the use of algorithmic systems to artificially inflate prices or reduce supply. If passed, this legislation could have a significant impact on how food producers operate and how consumers access and afford food products.