SB3686: Preventing Algorithmic Collusion Act of 2024
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to prevent anticompetitive conduct through the use of pricing algorithms by prohibiting the use of pricing algorithms that can facilitate collusion through the use of nonpublic competitor data, creating an antitrust law enforcement audit tool, increasing transparency, and enforcing violations through the Sherman Act and Federal Trade Commission Act, and for other purposes.
Plain-language summary
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SB3686: Preventing Algorithmic Collusion Act of 2024
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Sponsors
Amy Klobuchar
Primary SponsorCo-sponsors (6)
Ron Wyden
Richard Durbin
Richard Blumenthal
Mazie Hirono
Peter Welch