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Photo: Justin Sullivan/Getty Images

Californian lawmakers approved legislation Wednesday that caps rent increases at 5% after inflation and expands protections to some 8 million tenants, according to the bill's author, Assembly member David Chiu (D-San Francisco).

Why it matters: Per the New York Times, this is the biggest step yet in a surge of initiatives to address a nationwide affordable-housing crunch. California in particular has been struggling with chronic housing and homeless crises, AP notes.

  • The rent bill won the support of the California Business Roundtable, representing leading employers, and was unopposed by the state’s biggest landlords’ group — an indication of how dire housing problems have become, the NYT notes.

The big picture: Per Reuters, California is the third state to impose statewide rent controls; Oregon enacted a measure in March to limit annual increases to 7% plus inflation and New York passed rent controls in June.

  • Trump administration officials visited sprawling homeless encampments in Los Angeles just days ago, AP reports.
  • The bill will go to Gov. Gavin Newsom (D) to sign into law. Newsom has made tenant protection a priority in his first year in office, the Times notes. He said in a statement after the bill passed 25-10 that the action was "the strongest package in America."
"These anti-gouging and eviction protections will help families afford to keep a roof over their heads, and they will provide California with important new tools to combat our state’s broader housing and affordability crisis."

The other side: Politico reports that the California Association of Realtors fought the bill because the group said it would hurt construction — a sentiment echoed by Republicans who rose in opposition, including Assembly Minority Leader Marie Waldron (R-Escondido).

"We all know California has an unacceptable housing and unaffordability crisis. Unfortunately, this bill will only pour fuel on the fire."
— Assembly Minority Leader Marie Waldron

Go deeper

Off the Rails

Episode 7: Trump turns on Pence

Photo illustration: Eniola Odetunde/Axios. Photos: Elijah Nouvelage, Alex Wong/Getty Images

Beginning on election night 2020 and continuing through his final days in office, Donald Trump unraveled and dragged America with him, to the point that his followers sacked the U.S. Capitol with two weeks left in his term. Axios takes you inside the collapse of a president with a special series.

Episode 7: Trump turns on Pence. Trump believes the vice president can solve all his problems by simply refusing to certify the Electoral College results. It's a simple test of loyalty: Trump or the U.S. Constitution.

"The end is coming, Donald."

The male voice in the TV ad boomed through the White House residence during "Fox & Friends" commercial breaks. Over and over and over. "The end is coming, Donald. ... On Jan. 6, Mike Pence will put the nail in your political coffin."

Big Tech's post-riot reckoning

Photo illustration: Sarah Grillo/Axios. Photo: Tasos Katopodis/Getty Images

The Capitol insurrection means the anti-tech talk in Washington is more likely to lead to action, since it's ever clearer that the attack was planned, at least in part, on social media.

Why it matters: The big platforms may have hoped they'd move to D.C.'s back burner, with the Hill focused on the Biden agenda and the pandemic out of control. But now, there'll be no escaping harsh scrutiny.

27 mins ago - Technology

Why domestic terrorists are so hard to police online

Illustration: Eniola Odetunde/Axios

Domestic terrorism has proven to be more difficult for Big Tech companies to police online than foreign terrorism.

The big picture: That's largely because the politics are harder. There's more unity around the need to go after foreign extremists than domestic ones — and less danger of overreaching and provoking a backlash.