1. Short title This Act may be cited as the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024 . 2. Definitions In this Act: (1) Chair The term Chair means the Chair of the Commission. (2) Commission The term Commission means the Federal Trade Commission. (3) Consciously parallel pricing coordination The term consciously parallel pricing coordination means a tacit agreement between 2 or more rental property owners to raise, lower, change, maintain, or manipulate pricing for the purchase or sale of reasonably interchangeable products or services. (4) Coordinating function The term coordinating function means— (A) collecting historical or contemporaneous prices, supply levels, or lease or rental contract termination and renewal dates of residential dwelling units from 2 or more rental property owners; (B) analyzing or processing of the information described in subparagraph (A) using a system, software, or process that uses computation, including by using that information to train an algorithm