Definitions

In this Act: (1) Commission The term Commission means the Federal Trade Commission. (2) 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, either directly or indirectly, from 2 or more rental property owners; (B) analyzing or processing the information described in subparagraph (A) using a system, software, or process that uses the same or a similar formula or methodology, including by using that information to train an algorithm to predict rental prices, lease renewal terms, or ideal occupancy levels; and (C) recommending rental prices, lease renewal terms, or occupancy levels to 2 or more rental property owners. (3) Coordinator The term coordinator means any person that performs a coordinating function for any rental property owner, including a rental property owner performing a coordinating function for their own benefit. (4) Person The term person has the meaning given the term in subsection (a) of the first section of the Clayton Act (15 U.S.C. 12). (5) Residential dwelling unit The term residential dwelling unit — (A) means any house, apartment, accessory unit, manufactured home, manufactured housing community lot, or other unit used as a residence; and (B) does not include inpatient medical care, licensed long-term care, and detention or correctional facilities. (6) Rental property owner The term rental property owner means any individual, corporation, partnership, association, joint-stock company, trust, or unincorporated organization, including an organization not organized to carry on business for its own profit or that of its members, that owns real property and leases or rents such property or any portion thereof. (7) State The term State means any State of the United States, the District of Columbia, the Commonwealth of Puerto Rico, and any territory or possession of the United States.