Vetoed by Governor Jared Polis

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that prohibits distribution and use of an algorithmic device by a service provider or landlord to set rents and other certain commercial terms regarding the occupancy of rental housing in Colorado.

Highlights:

• Prohibits the following, including, but not limited to (Sec. 1-3):

• A landlord or an agent, a representative, or a subcontractor of a landlord from subscribing to, contracting with, or otherwise exchanging any form of consideration in return for the services of a coordinator;

• A coordinator from facilitating an agreement among landlords that restricts competition with respect to dwelling units, which includes performing a coordinating function; or

• 2 or more landlords from engaging in consciously parallel pricing coordination.

• Specifies that a violation is deemed to be an illegal restraint of trade or commerce and is punishable in accordance with the "Colorado State Antitrust Act of 2023" (Sec. 1-3).

• Establishes that the division of housing within the department of local affairs is required to develop and undertake a public education program designed to inform Colorado residents of the provisions of the bill (Sec. 1-3).

• Specifies that the provisions of this bill shall take effect immediately following 90 days after passage and approval by the Governor (Sec. 4).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that prohibits distribution and use of an algorithmic device by a service provider or landlord to set rents and other certain commercial terms regarding the occupancy of rental housing in Colorado.

Highlights:

• Prohibits the following, including, but not limited to (Sec. 1-3):

• A landlord or an agent, a representative, or a subcontractor of a landlord from subscribing to, contracting with, or otherwise exchanging any form of consideration in return for the services of a coordinator;

• A coordinator from facilitating an agreement among landlords that restricts competition with respect to dwelling units, which includes performing a coordinating function; or

• 2 or more landlords from engaging in consciously parallel pricing coordination.

• Specifies that a violation is deemed to be an illegal restraint of trade or commerce and is punishable in accordance with the "Colorado State Antitrust Act of 2023" (Sec. 1-3).

• Establishes that the division of housing within the department of local affairs is required to develop and undertake a public education program designed to inform Colorado residents of the provisions of the bill (Sec. 1-3).

• Specifies that the provisions of this bill shall take effect immediately following 90 days after passage and approval by the Governor (Sec. 4).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that prohibits distribution and use of an algorithmic device by a service provider or landlord to set rents and other certain commercial terms regarding the occupancy of rental housing in Colorado.

Highlights:

• Prohibits the following, including, but not limited to (Sec. 1-3):

• A landlord or an agent, a representative, or a subcontractor of a landlord from subscribing to, contracting with, or otherwise exchanging any form of consideration in return for the services of a coordinator;

• A coordinator from facilitating an agreement among landlords that restricts competition with respect to dwelling units, which includes performing a coordinating function; or

• 2 or more landlords from engaging in consciously parallel pricing coordination.

• Specifies that a violation is deemed to be an illegal restraint of trade or commerce and is punishable in accordance with the "Colorado State Antitrust Act of 2023" (Sec. 1-3).

• Establishes that the division of housing within the department of local affairs is required to develop and undertake a public education program designed to inform Colorado residents of the provisions of the bill (Sec. 1-3).

• Specifies that the provisions of this bill shall take effect immediately following 90 days after passage and approval by the Governor (Sec. 4).

Full Bill Text