New Jersey legislation · 2026-2027 Regular Session
New Jersey A3497: Residential dwelling units-proh facilitation, agreement among rental prop owners
Status: Signed into law, July 20, 2026
Establishes "Forbidding the Algorithmic Inflation of Rent (FAIR) Act." *
What the bill says
From the chaptered text, July 20, 2026:
P.L. 2026, c.043 (A3497 1R ACS) Title Chapter 9 (Rename) Antitrust Acts §§1-7 C.56:9-20 to 56:9-26 §§8,9 Note P.L. 2026, CHAPTER 43, approved July 20, 2026 Assembly Committee Substitute (First Reprint) for Assembly, No. 3497 concerning residential rental property pricing and supplementing P.L.1970, c.73 (C.56:9-1 et seq.). Assembly of the State of New Jersey: 1. This act shall be known and may be cited as the Forbidding the Algorithmic Inflation of Rent (FAIR) Act. 2. The Legislature finds and declares that: a. New Jersey is in the midst of an affordable housing crisis, as demonstrated by rental housing industry data showing median rent for a three-bedroom apartment increasing by 35 percent in the State from 2021 through 2024 and a studio in a more urban environment such as Hoboken increasing by 61 percent in the same timeframe. b. Data from the United States Census Bureau indicates that over 50 percent of renters in New Jersey are deemed rent burdened, which means an individual spends more than 30 percent of income on rent. c. Recent national data indicates that landlords of residential rental housing use property management software to collude to restrain trade and raise residential rental housing prices, which has contributed to recent increases in the State. d. Landlords engaging with the software supply real-time prices and additional lease information …
Sponsors
- Yvonne Lopez (D, 19) · primary sponsor
- Margie Donlon, M.D. (D, 11) · primary sponsor
- Chigozie U. Onyema (D, 28) · primary sponsor
- Katie Brennan (D, 32) · primary sponsor
- Brian P. Stack (D, 33) · primary sponsor
- Ruiz, M. Teresa (I) · primary sponsor
- Luanne M. Peterpaul, Esq. (D, 11)
- William B. Sampson, IV (D, 31)
- Shama A. Haider (D, 37)
- Balvir Singh (D, 7)
- Vincent M. Kearney (D, 21)
- Annette Quijano (D, 20)
Latest actions
- : APP P.L.2026, c.43.
- : PS PBH (33-4)
- : SUB FOR S451 (2R)
- : R/S SWR 2RS
- : PA (57-22-0)
- : REP/ACA 2RA
- : RCM ASL
- : REP/ACS 2RA
- : REP/ACA REF AAP
- : INT 1RA REF AHO
Votes
- 3RDG FINAL PASSAGE - Residential dwelling units-proh facilitation, agreement among rental prop owners (June 30, 2026): 57 yea, 22 nay, passed
- 3RDG FINAL PASSAGE - Residential dwelling units-proh facilitation, agreement among rental prop owners (June 30, 2026): 33 yea, 4 nay, passed
- Assembly State and Local Government Committee: Reported with committee amendments (Aca) (June 23, 2026): 5 yea, 2 nay, passed
- Assembly Appropriations Committee: Reported with committee amendments (ACS) (June 8, 2026): 10 yea, 4 nay, passed
- Assembly Housing Committee: Reported with committee amendments (Aca) (March 9, 2026): 5 yea, 2 nay, passed
Subjects: HOUSING - LANDLORD AND TENANT
Common questions
- What is A3497?
- A3497 is a bill in the New Jersey Legislature (2026-2027 Regular Session): Residential dwelling units-proh facilitation, agreement among rental prop owners.
- What does A3497 do?
- Establishes "Forbidding the Algorithmic Inflation of Rent (FAIR) Act." *
- What is the status of A3497?
- Signed into law as of July 20, 2026. Latest action: APP P.L.2026, c.43. (July 20, 2026).
- Who sponsored A3497?
- Yvonne Lopez (D, 19), with 11 co-sponsors.
- Where is the official record for A3497?
- On the New Jersey Legislature website: https://www.njleg.state.nj.us/bill-search/2026/A3497
Source: official New Jersey record. Tracked by Delilah, AI for legislation across all 50 states and Congress.