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Stops Price Fixing with Algorithms
Recent Bills/Stops Price Fixing with Algorithms

Stops Price Fixing with Algorithms

IntroducedN/A
Introduced1 year ago
Intro
Senate
House
Pres
Read twice and referred to the Committee on the Judiciary.
More:Recently Introduced BillsEconomySenate Bills
Why This Matters

This bill prevents companies from using pricing algorithms that can lead to unfair competition by sharing secret data about competitors.

If you shop for products, this bill helps keep prices fair by stopping companies from secretly coordinating prices.
Who this affects
Businesses using pricing algorithms · Consumers facing higher prices
What changes is this bill making?
  1. 1This bill prohibits companies from using pricing algorithms that rely on secret competitor data.
  2. 2It requires companies to report details about their pricing algorithms to the government when requested.
  3. 3The bill aims to increase competition by preventing collusion among businesses.
  4. 4Violations of this law can lead to enforcement actions under existing antitrust laws.

Last changed 25 days ago · checked hourly

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedCurrentJan 7, 2025

Read twice and referred to the Committee on the Judiciary.

Sponsors
See all 5 sponsors
Senate
House
President

The President

Donald Trump
President
Awaiting Vote
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