Proposed rent control in South Carolina?

[Laura DenHaan]

In researching investing in upstate South Carolina, I came across a state bill 3264 for statewide rent control introduced early this year. It is currently on the house floor (not passed, not law). To clarify, there is no rent control at this time, its just proposed. However, when I google for more information on where this might be headed and general thoughts on it, I found nothing. The proposal is to restrict rent increases to 7% plus the change in the CPI. 

Is anyone aware of this and know anything about it?

Laura