Curbed LA looks at a new rent cap bill that has been approved in the California Assembly:

"A proposal to place a cap on rent hikes statewide was approved in the California Assembly late Wednesday and will now advance into the Senate—with major changes to appease a powerful group of realtors.

The Mercury News reports that “because of an 11th-hour handshake deal” with the California Association of Realtors, the rent caps proposed under Assembly Bill 1482 are now higher: 7 percent, plus the rate of inflation, which averages about 2.5 percent in California."