The proposed bill enacts a new section of the Uniform Owner-Resident Relations Act that specifically prohibits the use of artificial intelligence to manipulate rent pricing. It defines key terms such as "consciously parallel pricing coordination," which refers to tacit agreements among property owners to manipulate rent prices, and "coordinating function," which involves collecting and analyzing rental data to influence pricing decisions. The bill outlines that it is unlawful for property owners or their agents to engage with coordinators who facilitate such agreements, as well as for coordinators to assist in any actions that restrict competition among rental properties.

Additionally, the bill provides legal recourse for individuals who are harmed by these unlawful practices, allowing them to sue in the appropriate jurisdiction. This legislation aims to promote fair competition in the rental market by preventing collusion and the use of advanced technology to unfairly influence rent pricing.