Republicans’ massive artificial intelligence giveaway in their must-pass budget reconciliation bill could kill crackdowns on real estate management company RealPage for raising rents and contributing to the country’s housing crisis. The language inserted into the legislation follows RealPage drastically scaling up its lobbying efforts in Washington — and after a flood of campaign cash from company executives.
The language in the bill amounts to a ten-year ban on state governments passing any new regulations on artificial intelligence technology. According to congressional staffers and outside policy advocates monitoring the reconciliation package, that section would apply to the growing industry of pricing consultants using AI tools across various sectors, the most powerful player being RealPage.
