Groups urge governor to sign rent algorithm bill
DENVER (KDVR) — With the legislative session now officially over, Gov. Jared Polis has started making his way across the state to sign bills into law. He still remains unclear on where he stands on a number of measures, including one that deals with rent prices.
Among the hundreds of bills that sit on the governor's desk is one that deals with price fixing and rent prices. Supporters are worried the governor may not sign it.
'Shout-out to every member of the House of Representatives and the Senate in my party in the legislature because they chose to side with renters. Not with corporate landlords, not with companies that have used math in a creative way to exploit working people. And now it's time for the governor to do the same,' said Rep. Javier Mabrey, a sponsor of the bill in the House.
A bill that every Democrat at the state capitol voted in favor of could be in jeopardy.
'When the governor supports a bill, we all know it. We know what it feels like when the governor is clear in his support for a policy, and we also are clear when the governor is opposed to a policy. He lets that be known. On House Bill 1004, he's been a little bit ambivalent or circumspect,' said Senator Julie Gonzales, a Senate sponsor of the measure.
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If it becomes law, House Bill 1004 would prohibit landlords and property owners from sharing data through AI software that uses that info to determine rent prices and occupancy levels.Supporters said it keeps the cost of new apartment units around the same price as existing units, or it takes them off the market completely.
'These tools allow big corporations to partner with each other and work together to keep these prices up, and you know the big corporations do have a vested interest, and they lobbied hard to make sure this bill wouldn't get through. Ultimately, the legislature stood up for working people against big corporations and said: Hey, we are not going to pass these thoughts along to renters. We're going to say enough is enough,' said Sam Gilman, Community Economic Defense Project co-founder.
The bill comes after the U.S. Department of Justice (under the Biden administration) and six states, including Colorado, sued landlords over their use of algorithms, but that litigation and the support of lawmakers may not be enough to get the governor's approval.
'There's 400 bills that we are looking at now, so we're looking at them now in the weeks ahead.'
The governor has about a month to sign the bill or veto it. While he has not said which ones he plans to sign or veto, he did say he will keep everyone updated throughout the process.
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