No Pricing Coordination Between Landlords

Added new Senate sponsors to the bill sponsorship list, expanding the coalition of legislators supporting the measure.

Updated the revision status from 'Revised' to 'Rerevised' and added a '3rd Reading Unamended' date stamp for April 28, 2025, indicating the bill has passed the Senate without further amendments.

Removed a provision that would have prohibited entities providing algorithmic device services from using nonpublic competitor data to set or recommend rent amounts, occupancy levels, or other commercial terms for residential properties in Colorado.

Added multiple new co-sponsors to the House and Senate sponsorship lists, indicating broader legislative support.

Restructured the statutory language to separate the prohibition on selling algorithmic devices with intent to fix rents from the prohibition on using such devices, making the rules easier to understand.

Changed the language regarding service providers to more clearly specify that they cannot use nonpublic competitor data when setting or recommending rent amounts.

Added status notes indicating the bill has reached second reading amendments and third reading unamended status in both chambers.

Added a requirement for the Division of Housing to develop and conduct a public education program to inform residents about the bill's provisions.

Redefined 'algorithmic device' to explicitly include products that incorporate algorithms, while maintaining exemptions for public information products not trained on nonpublic competitor data and affordable housing programs.

Clarified the definition of 'nonpublic competitor data' to include information about actual rent prices, occupancy rates, and lease dates derived from competitors in the same or related market.

Expanded eligibility restrictions to explicitly prohibit landlords, agents, representatives, or subcontractors from subscribing to or contracting with coordinators for pricing coordination services.

Maintained the enforcement mechanism under the Colorado State Antitrust Act of 2023, treating violations as illegal restraints of trade or commerce.

Added additional co-sponsors to the House sponsorship list, expanding the bill's legislative support.

Updated the bill summary header from 'Engrossed' to 'Reengrossed' and changed the date to March 26, 2025 to reflect the latest amendment status.

Deleted an exemption provision that allowed landlords to use publicly available data algorithms for rent setting if the estimates were made available to the public at no cost.

Removed the specific definition of 'coordinator' and 'coordinating function' to focus more broadly on algorithmic devices and software rather than just human intermediaries.

Added a new requirement prohibiting persons providing algorithmic device services from using nonpublic competitor data in their calculations.

Created an exemption allowing persons to provide estimated rent or occupancy levels without using prohibited algorithmic devices if they use only publicly available data and make the estimates available at no cost.

Updated the legislative declaration to reference recent lawsuits and a White House study on anticompetitive pricing algorithms as justification for the new restrictions.