Washington, June 24 -- Representative Suhas Subramanyam issued the following press release:
U.S. Representative Suhas Subramanyam (VA-10) has introduced the Shedding Light on Algorithms Setting Higher Prices (SLASH Prices) Act that would lower the costs of goods and services. The Congressman recently spoke on the House floor (https://youtu.be/RY6f7apdfCg?si=lwXHnaVUo94bhbMu) about his bill.
Rep. Subramanyam issued the following statement:
"There are a lot of reasons we are seeing rising costs, but one reason is particularly troubling: surveillance pricing. Businesses will use your information to charge you a higher price for goods they know you need to buy. It's essentially personalized price gouging, and consumers need to know it's ha...