ALGORITHMIC PRICE TRANSPARENCY
What changed between versions
Added a specific definition for 'consumer' to limit the law's application to Illinois residents acting in an individual or household context, excluding businesses or commercial buyers.
Added a new definition for 'personalized price' to clarify that it is a price set based on a consumer's personal data.
Renamed the bill from 'Transparency Act' to 'Prohibition Act,' changing the legal requirement from merely disclosing pricing methods to strictly forbidding the use of personal data for price discrimination.
Added a new section explicitly prohibiting covered entities from engaging in surveillance pricing, replacing the previous requirement to simply disclose when it occurs.
Replaced the requirement for businesses to provide a 'non-personalized baseline price' upon opt-out with a blanket prohibition on using personal data for pricing in the first place.
Added a new requirement for the Attorney General to conduct annual public education and outreach programs regarding algorithmic pricing practices.
Removed the specific requirement for businesses to provide a hyperlink explaining their pricing practices, as the practice itself is now banned rather than just disclosed.