WeVote
Log In

Bill

Bill

S 869

Federal Reserve Board Abolition Act

119th Congress Introduced by Mike Lee

Bill S 869 protects tenants by prohibiting landlords from collecting rent arrearages accrued before rent adjustment approvals for major capital improvements, easing financial burdens.

Introduced in Senate
0
WeVote Research Nonpartisan
Bill Summary · S 869

Summary of Bill S 869

Bill Overview

  • Bill Number: S 869
  • Title: Prohibits the collection of rent arrearages accruing prior to the date of approval of an application for an adjustment in the legal regulated rent based upon a major capital improvement.
  • Status: Referred to Housing, Construction and Community Development
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

The primary purpose of Bill S 869 is to provide financial relief to tenants by prohibiting landlords from collecting rent arrearages that have accumulated before the approval date of an application for rent adjustment due to major capital improvements (MCIs). This legislation aims to protect tenants from being held liable for unpaid rent that accrued during a period when they were not informed of potential rent increases related to improvements made to their rental properties.

Key Provisions

  • Prohibition on Rent Arrearages: The bill specifically prohibits landlords from collecting any rent arrearages that accrued prior to the approval of an application for an adjustment in the legal regulated rent based on major capital improvements.
  • Application for Rent Adjustment: The bill emphasizes that the protection applies only after the application for rent adjustment has been approved, ensuring that tenants are not penalized for arrears incurred before they were notified of potential rent increases.

Affected Parties

  • Tenants: The bill primarily benefits tenants who may be facing financial hardship due to unpaid rent that accumulated before they were aware of any rent adjustments related to major capital improvements.
  • Landlords: Landlords may be impacted as they would be unable to collect arrearages that accrued prior to the approval of rent adjustments, potentially affecting their revenue from rental properties.

Procedural Aspects

  • Legislative Action: As of January 8, 2025, the bill has been referred to the Housing, Construction and Community Development committee for further consideration. This referral is a standard procedure in the legislative process, allowing for discussion, amendments, and potential recommendations before the bill is brought to a vote.

Related Bills

This bill is related to several prior-session bills, including:
- S 5945
- S 2180
- S 3341
- S 1101

These related bills may address similar issues regarding rent regulation and tenant protections, indicating a continued legislative focus on housing affordability and tenant rights.

Conclusion

Bill S 869 seeks to enhance tenant protections by preventing the collection of rent arrearages that accrued before the approval of rent adjustments due to major capital improvements. By doing so, it aims to alleviate financial burdens on tenants and ensure that they are not unfairly penalized for arrears incurred without prior knowledge of impending rent increases. The bill is currently under review by the relevant legislative committee.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.