Companies would have to curtail their use of software that sets pricing in industries ranging from real estate to health care under bills advanced by California lawmakers on Wednesday.
The Assembly Privacy and Consumer Protection Committee approved two bills (SB 295 and SB 384) that would prohibit companies from setting prices or rents with the same algorithms and nonpublic data used by their competitors. The panel also advanced a measure (SB 52) that would bar landlords in the same market from using similar programs to set rental rates.
Policymakers want to crack down on algorithmic pricing, ...
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