Sponsors (28)
The bill improves protections and transparency for renters by banning common up‑front and hidden rental fees and shielding credit reports, but it also creates compliance costs, enforcement complexity, and incentives that could raise rents, reduce program participation, or lower maintenance/inventory in some rental markets.
Renters in covered units will no longer pay application or tenant‑screening fees and will face fewer non‑transparent 'junk' charges, reducing upfront moving costs and surprise bills.
Renters will face capped late fees (no more than 3% of monthly rent and only after 15 days past due), lowering short‑term financial penalties for missed payments.
Renters (and prospective renters) will get clearer price and unit information — mandatory full monthly cost disclosures, unit condition and landlord history summaries, and 10‑year rent‑increase histories — helping budgeting and informed housing choices.
Property owners (including many small landlords) will incur additional compliance and implementation costs to meet new disclosure and reporting rules, and those costs may be passed on to renters as higher rents.
Some property owners may avoid participating in federally backed programs or selling loans to GSEs (Fannie Mae/Freddie Mac) to escape coverage, which could reduce rental supply in affected markets and make housing scarcer.
Limiting fees and imposing new disclosure burdens may lead landlords to shift costs into other charges or cut investment in maintenance, risking long‑term housing quality and habitability for renters, especially low‑income tenants.
Based on analysis of 3 sections of legislative text.
Bans many application and hidden rental fees for federally assisted or federally backed units, caps late fees, requires prelease cost/property disclosures, and directs CFPB/FTC rulemaking on "junk fees."
Official title: To prohibit owners of covered dwelling units from assessing or collecting certain fees from tenants, and for other purposes.
Introduced June 24, 2025 by Maxwell Frost · Last progress June 24, 2025
Prohibits many common upfront and hidden rental fees for housing tied to federal programs or federally backed loans, and requires landlords to disclose total monthly costs and certain property history before a lease is signed. It caps late fees, requires new consumer protections for reporting unpaid fees to credit agencies, and directs multiple federal agencies to issue implementing rules. The bill creates enforcement and rulemaking duties for HUD, VA, USDA, FHFA (for GSE-backed loans), and requires the CFPB and FTC to jointly define “junk fee” for rental housing and to find that reporting unpaid junk fees to consumer reporting agencies can violate the FDCPA. It applies to covered dwelling units linked to HUD/VA/USDA programs or federally backed mortgages (including loans purchased by Fannie Mae or Freddie Mac).