SB 384: Preventing Algorithmic Price Fixing Act: prohibition on price-fixing algorithm use.

Existing law governs various business practices in this state, including certain laws relating to the use of technology.

This bill, the Preventing Algorithmic Price Fixing Act, would prohibit a business from using a price-fixing algorithm, as defined, to set a price or supply level of a good or service. The bill would authorize the Attorney General or a city attorney or county counsel to file a civil action for violations of these provisions, as specified, including for a civil penalty of up to $1,000 per violation.