Sponsors (25)
The bill reduces upfront and punitive rental charges and increases transparency and federal enforcement for renters, at the cost of reduced fee revenue and enforcement tools for landlords plus added compliance complexity that could raise rents, tighten screening, or strain property maintenance.
Renters (including low-income households) will no longer pay upfront application or tenant‑screening fees, lowering move‑in costs and reducing immediate financial barriers to housing.
Renters will face lower late‑fee burdens because late fees are capped (below 3% of monthly rent) and cannot be charged until 15 days after rent is due, reducing short‑term financial penalties for late payment.
Renters will get clearer, earlier price information because landlords must disclose total monthly cost (including fees), improving budgeting and unit comparison.
Owners (especially small landlords) lose revenue from application/screening fees and face limits on enforcement tools (e.g., credit reporting for certain unpaid fees), which may lead them to raise rents, impose stricter screening, or exit the market.
New compliance and disclosure requirements (10‑year rent histories, litigation summaries, pest/maintenance reports) increase administrative burden and legal risk for owners, which could be passed to tenants in higher rents or reduce available rental supply.
Caps on late fees and the mandatory 15‑day grace period could weaken landlords' cash flow and their ability to fund maintenance, risking degraded building upkeep or deferred repairs.
Based on analysis of 3 sections of legislative text.
Bans certain rental application and screening fees, caps late fees (<3% with 15-day grace), mandates pre-lease and lease disclosures, and orders CFPB/FTC to define "junk fee" and bar reporting unpaid junk fees to credit agencies.
Prohibits common up-front rental fees and limits landlord late fees for covered rental units, requires new pre-lease and lease disclosures about total monthly cost, past litigation, maintenance issues, and historical rent increases, and directs regulators to define “junk fee” for housing and bar reporting unpaid junk fees to consumer credit agencies. Federal housing regulators will implement the fee bans for units tied to federally backed mortgages or HUD programs, and the CFPB and FTC must issue a rule within 180 days defining junk fees and treating reporting unpaid junk fees as an unfair or unconscionable collection practice.
Introduced June 24, 2025 by Maxwell Frost · Last progress June 24, 2025