The proposed bill aims to prohibit algorithmic rent fixing and noncompete agreements within the rental housing market in Washington State. It introduces a new chapter to Title 19 RCW, defining key terms such as "coordinating," "dwelling unit," "landlord," "person," and "service provider." The bill specifies that it is a violation for landlords or their agents to engage with service providers that coordinate rental pricing among multiple landlords, thereby preventing collusion and unfair competition in the rental market.

Additionally, the bill establishes that violations of this chapter are considered unfair or deceptive acts under the consumer protection act, allowing the attorney general to enforce the law on behalf of the state. Individuals harmed by such violations are also granted the right to pursue civil action for damages. Overall, the legislation seeks to enhance transparency and fairness in the rental housing market by curbing practices that could lead to inflated rental prices and reduced competition.