ASSEMBLY BILL 2230
RESIDENTIAL HOUSING AND THE
CARTWRIGHT ACT
MARCH 19, 2024
OVERVIEW - AB2230
• INTRODUCED ON FEBRUARY 8, 2024 BY ASSEMBLY MEMBER
STEVE BENNETT
• APPLY CALIFORNIA ANTITRUST LAWS (CARTWRIGHT ACT) TO
RESIDENTIAL HOUSING
• ALLOW CITY ATTORNEYS MAY INVESTIGATE AND PROSECUTE
ANTI-COMPETITIVE BEHAVIOR
OVERVIEW - AB2230
• SEEKS TO LIMIT INFLUENCE OF INSTITUTIONAL INVESTORS IN THE
REAL ESTATE MARKET
• PREVENT PURCHASE OF A HIGH PERCENTAGE OF AVAILABLE
HOUSING
• PREVENT INDIVIDUALS AND FAMILIES HAVING TO COMPETE,
UNFAIRLY FOR LIMITED HOUSING STOCK
NEXT STEPS
• COUNCIL DISCUSS A POLICY POSITION WITH RESPECT TO AB 2230 • DIRECT STAFF TO PRODUCE A RESOLUTION AND/OR LETTER
CAPTURING THIS POSITION
• STAFF WOULD RETURN AT A LATER DATE WITH THE REQUESTED
ITEM(S) FOR COUNCIL CONSIDERATION
ASSEMBLY BILL 2230
RESIDENTIAL HOUSING AND THE
CARTWRIGHT ACT
MARCH 19, 2024