Summary

Requires companies that build, use, or distribute pricing algorithms to disclose technical and operational details to the Attorney General or the FTC on request, to notify customers and workers when prices or commercial terms were set or recommended by an algorithm, and forbids use or distribution of pricing algorithms that incorporate nonpublic competitor data. The bill creates a rebuttable legal presumption that algorithm-driven price-setting can amount to an unlawful agreement under U.S. antitrust law, authorizes civil enforcement and daily penalties, and orders an FTC study of algorithmic pricing within two years.

Key Points

• Requires timely, certified disclosure of algorithmic pricing technical, data, and operational details to DOJ or FTC on request.
• Prohibits use or distribution of pricing algorithms that use or were trained with nonpublic competitor data, effective 90 days after enactment.
• Creates a rebuttable presumption that algorithm-driven price-setting can constitute an illegal agreement under the Sherman Act and an unfair method under the FTC Act.
• Mandates consumer and worker notices when prices or commercial terms were set or recommended by an algorithm, with extra disclosure for differential pricing or third‑party algorithms.
• Allows DOJ and FTC to seek injunctions and significant civil penalties (including daily fines or revenue-based measures) for violations.
• Requires the FTC to study algorithmic pricing within two years and recommend further legal or regulatory steps.
• Imposes officer‑level certification under penalty of perjury for required algorithmic reports, increasing corporate compliance risk.
• Confidentiality rules apply to submitted information while agencies use and share it under specified rules.

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