If we are complicating the tenant screening process, that will be a set back.I've worn seat belts for years by choice not legislation.

Here's a BP thread on the subject  https://www.biggerpockets.com/...I saw that podcast episode too and I didn't hear anything discussed about legislation..

Biden released his housing policy in this paper last February. https://joebiden.com/housing/#... primary goals of the Biden housing plan are stated to be: 1) Addressing the issue of affordable housing and homelessness. 2) Increasing supply, lowering cost, improving quality of new housing through investments in new construction technology and energy efficiency.3) Ending redlining and other discriminatory practices in the housing industry.The most significant specific legislative changes he is planning are: 1) A $15,000 first-time homebuyer tax credit that is advance-able (so it helps with the down payment), not like a normal tax credit that you get the next year.  2) A new renter's tax credit. 3) New money for old Section 8 subsidized housing voucher program and other existing federal rental assistance programs.4) Single-Family Zoning changes/legislation similar to the proposed HOME Act of 2019 to loosen up zoning restrictions and allow for more urban density. 5) Creation of a public credit reporting agency.He does not mention getting rid of 1031 exchanges in his housing plan, but I believe the idea has been brought up in relation to his tax plan (which would only affect those with annual income $400k+). 

They are more used as entry level protection and a deterrent to hopefully drive up litigation costs and cut some of the legs off of any money the PL will get. they are good, they get the asset out of your personal name, which is what you want, but you also have to look at perception and what a judge will say if you are challenged in court in a state with no S-LLC legislation. they won't give two cents. 

I can't imagine the results coming out good for him or any of the rest of us landlords because once this come into the real light of day and the authorities realize there is an illegal rental market going on, I am sure the legislature will be more than willing to jump in and lay down some more laws like this last legislative session which did not favor the landlords at all, all because of the Tacoma mess.

The lady's son knew the aunt of a state legislator. 

The Dodd-Frank legislation cut all, if not most of the crazy lending that was going on during that time.

Proposed legislation is a looooooong way away from law.

There is proposed STR legislation in San Diego city that limits non-owner occupied STR to 90 days per calendar year.

For example making it seem like your SFR is rent controlled if the lease does not contain text stating it is not rent controlled   It is my believe costa Hawkins prevents rent control on SFRs and that no matter what they write in subsequent legislation it is not rent controlled   Good luck