IDAHO COMPETITION ACT – Amends and adds to existing law to provide for monopsonies and to establish provisions regarding the prohibition of pricing algorithms.

Idaho's H 203, the Idaho Competition Act, prohibits certain uses of pricing algorithms that could reduce competition. It directly affects businesses and service providers (like tech platforms) using algorithms to set prices or commercial terms for similar goods or services. The bill bans algorithms that incorporate nonpublic data from multiple sellers/buyers, facilitate anti-competitive price agreements, or misrepresent pricing without authorization. Exceptions include market research using public data and government price caps. The law takes effect July 1, 2025.