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HB 25-1004 CO
Vetoed

No Pricing Coordination Between Landlords

CO · session 2025A · Assembly / House · bill

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Introduced Jan 8, 2025

Latest action (May 29, 2025) Introduced In House - Assigned to Business Affairs & Labor

Summary

The act prohibits the sale or distribution for consideration of an algorithmic device if: The algorithmic device is sold or distributed with the intent that it will be used by 2 or more landlords in the same market or a related market to set or recommend the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises; and The device sets or recommends the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises based on data or a formula that is similar for each landlord. The act also prohibits the use of an algorithmic device by a person to set or recommend the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises if: The person knew or should have known that another person used the algorithmic device to set or recommend the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises; and The circumstances suggest that the person adhered to or participated in a scheme to fix the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises. The act also prohibits a person engaged in the business of providing algorithmic device services or products that are used to set or recommend the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises from using nonpublic competitor data pertaining to residential properties in Colorado in setting or recommending the amount of rent, level of occupancy, or other commercial term associated with the occupancy of a residential premises for residential properties in Colorado. 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". VETOED by Governor 5/29/2025(Note: This summary applies to this bill as enacted.)

Sponsors (4)

33 coauthors / cosponsors

Action history (18)

  1. May 29, 2025 Governor Vetoed · executive
  2. May 13, 2025 Sent to the Governor · executive
  3. May 13, 2025 Signed by the President of the Senate · upper
  4. May 13, 2025 Signed by the Speaker of the House · lower
  5. May 1, 2025 House Considered Senate Amendments - Result was to Concur - Repass · lower
  6. Apr 29, 2025 House Considered Senate Amendments - Result was to Laid Over Daily · lower
  7. Apr 28, 2025 Senate Third Reading Passed - No Amendments · upper
  8. Apr 25, 2025 Senate Third Reading Laid Over to 04/28/2025 - No Amendments · upper
  9. Apr 24, 2025 Senate Third Reading Laid Over Daily - No Amendments · upper
  10. Apr 23, 2025 Senate Second Reading Passed with Amendments - Committee · upper
  11. Apr 21, 2025 Senate Second Reading Laid Over to 04/23/2025 - No Amendments · upper
  12. Apr 15, 2025 Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole · upper
  13. Apr 1, 2025 Introduced In Senate - Assigned to Business, Labor, & Technology · upper
  14. Mar 26, 2025 House Third Reading Passed - No Amendments · lower
  15. Mar 25, 2025 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
  16. Feb 25, 2025 House Second Reading Laid Over Daily - No Amendments · lower
  17. Feb 20, 2025 House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole · lower
  18. Jan 8, 2025 Introduced In House - Assigned to Business Affairs & Labor · lower

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