The goal of the legislation is to allow people severely impacted by the pandemic to access the funds they already have, not to make it easier to access retirement funds across the board.

I wish this post was under better circumstances, but I hope everyone, and your family and friends are staying safe and healthy.Phil Ting a California Assemblyman just introduced a new legislative bill in light of Covid-19 that would force every property owner to reduce their rent by 25% and subsidize the rent of their tenants.

But for now expect things to be tough, expect new legislation stopping foreclosures/evictions, expect discretionary spending to be way down for a long period of time. 

fbclid=IwAR1G3Hdu5MOl8_MelVLYoTxMF2IkK5sO0N6ajxefuE1UjGZ4bmwP6f74SR8Has anyone seen this proposed legislation by the squad?

It's not easy to try and summarize 21-pages of potential legislation into a few posts.  

(Received the following notice from my Property Manager yesterday regarding new California proposed rent legislation):In an effort to keep you informed of all of the laws that seem to change daily, we wanted to give you an update and also provide contact information to help the fight against California’s push to make property owners into individual welfare providers!

We need legislation help to protect us and the consumers. 

https://omar.house.gov/sites/omar.house.gov/files/Omar%20-%20Rent%20%26%20Mortgage%20Cancellation%20Act%20-One%20Pager%20and%20Legislative%20Framework.pdf

An Act has been proposed that would stop payments on mortag...

Hi @Jon Thomas Ling.I would say basic principles are the same, but there are differences in legislation that may require different approaches. 

I also saw some things coming up and some legislation saying no rent for the next year and mortgages also.