STATEMENT TO

[First Reprint]

SENATE, No. 451

with Senate Floor Amendments

(Proposed by Senator STACK)

ADOPTED: JUNE 18, 2026

      These floor amendments:

1) title the bill as the “Forbidding the Algorithmic Inflation of Rent (FAIR) Act;”

2) make changes to certain phrasing in the bill’s findings and declarations;

3) alter the definitions for “affordability controls,” “coordinating function,” “coordinator,” and “person;”

4) add definitions for “algorithmic device,” “competitively sensitive information,” “nonpublic information,” “parallel pricing coordination,” “rental property owner,” and “tacit agreement;”

5) specify that it is to be unlawful and a violation of the “New Jersey Antitrust Act,” P.L.1970, c.73 (C.56:9-1 et seq.) to receive certain services or for:

a. two or more persons to engage in or facilitate parallel pricing coordination;

b. any agent or representative of a coordinator or subcontractor thereof to engage in parallel pricing coordination; or

c.  any person to perform a coordinating function;

6) specify that certain tacit or express agreements constitute unlawful violations under the bill;

7) specify that the bill’s provisions:

a. do not limit the application of authorization under current law to investigate antitrust violations or alleged violations; and

b. do not authorize or permit conduct already illegal under current antitrust law;

8)  specify that a municipality is prohibited from enacting an ordinance that conflicts with the bill;

9) charge Attorney General with establishing, on the official website of the Department of Law and Public Safety, a location to receive complaints alleging any violation or suspected violation of the bill; and

10) specify that the bill is to take effect on the first day of the twelfth month after enactment, rather than the fourth month.