A bill to prohibit the use of algorithmic systems to artificially inflate the price or reduce the supply of leased or rented residential dwelling units in the United States.

Bill 118 s 3692, also known as the "Algorithmic Housing Market Manipulation Prevention Act," aims to address the issue of algorithmic systems being used to artificially inflate the price or reduce the supply of leased or rented residential dwelling units in the United States. The bill seeks to prohibit the use of such systems in order to protect consumers and ensure fair and competitive housing markets.

Under this legislation, it would be illegal for any individual or entity to use algorithmic systems to manipulate the housing market in a way that harms consumers or restricts access to affordable housing. This includes actions such as artificially inflating rental prices or limiting the availability of rental units through the use of algorithms.

The bill emphasizes the importance of maintaining a level playing field in the housing market and preventing unfair practices that can harm renters and tenants. By prohibiting the use of algorithmic systems for housing market manipulation, the legislation aims to promote transparency, competition, and affordability in the rental housing sector. Overall, Bill 118 s 3692 seeks to protect consumers from unfair and deceptive practices in the housing market and ensure that all individuals have access to safe, affordable housing options.