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Oregon bill aims to curb rent price hikes, prohibit AI price-fixing

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The bill aims to reduce the number of buildings exempt from rent increase limitations.

If passed, SB 722 would keep the current rent cap of 7% plus inflation or 10% .

The bill would reduce the new build construction exemption from 15 years down to 7% .

Advocates for investors and landlords argue the change could deter much-needed development.

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