1 | 1 | | 02-24 13:24 S.J.R. 14 |
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2 | 2 | | 1 |
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3 | 3 | | Joint Resolution Regarding Price Fixing In Rental Housing |
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4 | 4 | | 2025 GENERAL SESSION |
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5 | 5 | | STATE OF UTAH |
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6 | 6 | | Chief Sponsor: Nate Blouin |
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7 | 7 | | House Sponsor: |
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8 | 8 | | 2 |
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9 | 9 | | |
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10 | 10 | | 3 |
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11 | 11 | | LONG TITLE |
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12 | 12 | | 4 |
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13 | 13 | | General Description: |
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14 | 14 | | 5 |
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15 | 15 | | This joint resolution calls on the Utah Attorney General to join the antitrust lawsuit against |
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16 | 16 | | 6 |
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17 | 17 | | RealPage and landlords engaged in alleged price fixing actions. |
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18 | 18 | | 7 |
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19 | 19 | | Highlighted Provisions: |
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20 | 20 | | 8 |
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21 | 21 | | This resolution: |
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22 | 22 | | 9 |
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23 | 23 | | ▸ highlights the U.S. Department of Justice case filed against RealPage and other landlords; |
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24 | 24 | | 10 |
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25 | 25 | | ▸ outlines how the alleged collusion impacts Utah; |
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26 | 26 | | 11 |
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27 | 27 | | ▸ lists the states already participating in the action; |
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28 | 28 | | 12 |
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29 | 29 | | ▸ calls for a study; and |
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30 | 30 | | 13 |
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31 | 31 | | ▸ urges the Utah Attorney General to join the antitrust lawsuit. |
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32 | 32 | | 14 |
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33 | 33 | | Money Appropriated in this Bill: |
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34 | 34 | | 15 |
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35 | 35 | | None |
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36 | 36 | | 16 |
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37 | 37 | | Other Special Clauses: |
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38 | 38 | | 17 |
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39 | 39 | | None |
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40 | 40 | | 18 |
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41 | 41 | | |
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42 | 42 | | 19 |
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43 | 43 | | Be it resolved by the Legislature of the state of Utah: |
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44 | 44 | | 20 |
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45 | 45 | | WHEREAS, the U.S. Department of Justice has filed an antitrust action against RealPage |
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46 | 46 | | 21 |
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47 | 47 | | and six major landlords alleging collusion in setting rental prices using shared data and |
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48 | 48 | | 22 |
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49 | 49 | | algorithmic pricing; |
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50 | 50 | | 23 |
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51 | 51 | | WHEREAS, in Salt Lake County alone, these landlords manage over 20% of the |
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52 | 52 | | 24 |
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53 | 53 | | multifamily rental units; |
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54 | 54 | | 25 |
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55 | 55 | | WHEREAS, the lawsuit alleges that by manipulating rental prices through shared |
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56 | 56 | | 26 |
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57 | 57 | | information and algorithmic collusion, these landlords undermine fair market competition, |
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58 | 58 | | 27 |
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59 | 59 | | drive rents higher than they should be, and ultimately make housing less affordable for Utah |
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60 | 60 | | 28 |
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61 | 61 | | households; |
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62 | 62 | | 29 |
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63 | 63 | | WHEREAS, the Attorneys General of North Carolina, California, Colorado, Connecticut, |
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64 | 64 | | 30 |
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65 | 65 | | Minnesota, Oregon, Tennessee, Washington, Illinois, and Massachusetts have already joined |
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66 | 66 | | S.J.R. 14 S.J.R. 14 02-24 13:24 |
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67 | 67 | | 31 |
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68 | 68 | | this action; |
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69 | 69 | | 32 |
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70 | 70 | | WHEREAS, the action against RealPage seeks to end these unlawful practices, promote |
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71 | 71 | | 33 |
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72 | 72 | | transparency, and restore competition in the rental housing market; and |
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73 | 73 | | 34 |
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74 | 74 | | WHEREAS, participating in this case and studying the impacts on Utah's renters and the |
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75 | 75 | | 35 |
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76 | 76 | | rental housing market of this price fixing would send a message that the Legislature is |
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77 | 77 | | 36 |
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78 | 78 | | committed to protecting renters from abuse by powerful landlords: |
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79 | 79 | | 37 |
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80 | 80 | | NOW, THEREFORE, BE IT RESOLVED that the Legislature of the state of Utah urges |
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81 | 81 | | 38 |
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82 | 82 | | the Utah Attorney General to join the antitrust lawsuit against RealPage and landlords engaged |
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83 | 83 | | 39 |
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84 | 84 | | in these alleged price fixing actions. |
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85 | 85 | | 40 |
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86 | 86 | | BE IT FURTHER RESOLVED that the Legislature shall study this issue and related |
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87 | 87 | | 41 |
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88 | 88 | | matters in the appropriate 2025 interim committee. |
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89 | 89 | | 42 |
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90 | 90 | | BE IT FURTHER RESOLVED that a copy of this resolution be sent to the Utah Attorney |
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91 | 91 | | 43 |
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92 | 92 | | General. |
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93 | 93 | | - 2 - |
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