Congress targets algorithm-driven rent hikes with new bill

A new bill introduced by Senator Amy Klobuchar aims to address rising rents by targeting companies that use algorithms to set rental prices, which she describes as a form of 'high-tech collusion.' The legislation seeks to prevent landlords from using data-sharing practices that lead to inflated rents, although it does allow the use of algorithms for competitive pricing. Meanwhile, in North Dakota, a proposed allocation of $200 million aims to improve affordable housing, as advocates warn that insufficient action could exacerbate homelessness. The Law Society of England and Wales has expressed concerns regarding the effectiveness of the Renters' Rights Bill due to potential underfunding of the justice system, which could hinder its enforcement. They emphasize that without adequate resources, the proposed reforms may lead to increased contested hearings and further strain on the courts. Overall, these legislative efforts reflect a growing recognition of the housing crisis and the need for comprehensive solutions.