*By Christian Smith* Washington, D.C., delayed the final vote on a bill that would severely limit operations for home-sharing companies like Airbnb and VRBO in the nation's capital in a surprise move by the D.C. Council Tuesday afternoon. Council Chairman Phil Mendelson (D) agreed to postpone the vote until Oct. 30 after other council members raised concerns over how the city would pay for the regulations, which would ban short-term rentals of secondary properties in D.C. and would put a 90-day cap on Washingtonians renting out rooms in their primary residences. Concerns over funding for the regulations largely stem from a recent [report](http://app.cfo.dc.gov/services/fiscal_impact/pdf/spring09/FIS%2022-92%20Short-Term%20Rental%20Regulation%20and%20Affordable%20Housing%20Protection%20Act%20of%202018.pdf) by D.C. Chief Financial Officer Jeffrey DeWitt estimating the regulations would cost the D.C. government almost $100 million over a period of four years. The delay comes just two weeks after the D.C. Council voted unanimously in favor of advancing the proposed regulation to the second and final vote in the law-making process. Across the board, timing has been an unusual factor in the push to regulate home sharing in D.C., said Andrew Giambrone, the D.C. editor at Curbed. "The timing of this legislation is pretty interesting," Giambrone said Tuesday in an interview on Cheddar. "The original bill was introduced back in January of 2017, and it sort of lagged for a year and a half ー didn't make it through committee or wasn't advanced." If the regulations are approved, they will not go into effect until October of 2019. This is the first major attempt to regulate home-sharing in the nation's capital since Airbnb launched in D.C. in 2009. The City Council has [estimated](http://chairmanmendelson.com/wp-content/uploads/2018/10/B22-92-Short-Term-Rentals-Regulation-Packet-1.pdf) that there are about 9,000 local short-term rental properties, which Giambrone said is perhaps part of the reason the city is only now confronting home-sharing issues. "Clearly it is a growing part of the market here for housing in D.C," he said. For full interview [click here](https://cheddar.com/videos/d-c-could-become-the-next-major-city-to-limit-airbnb).

Share:
More In Politics
Senators Introduce Bipartisan Bill for Crypto Regulation
Michelle Bond, CEO of the Association for Digital Asset Markets, joins Closing Bell, where she breaks down the Responsible Financial Innovation Act, which would not only establish a regulatory structure for digital assets, but hand over crypto oversight to the CFTC instead of the SEC.
Survey Shows Americans Delaying Retirement Due to Inflation
A survey by the BMO Real Financial Progress Index found that 25 percent of Americans are pulling back on retirement contributions to offset the cost of inflation. This comes as market volatility reduced retirement savings with the S&P 500 shedding more than 12 percent this year alone.
How Inclusive Are Reproductive Rights?
As abortion rights take center stage in courts around the country, so do discussions about reproductive health. Signs and social media posts say things like "protect women's rights" and "her body, her choice," leaving others who need and receive abortions completely out of the picture. The potential end to Roe v. Wade would impact far more people and facilities than you may think. Cheddar News' Baker Machado breaks it all down.
Gov. Hutchinson on Arkansas Tech Transformation, AR-15 Age Limit
Arkansas is planning to reshape itself by putting a strong emphasis on technology through computer science in the classroom. Governor Asa Hutchinson joined Cheddar News Buffa to discuss the state's efforts to promote itself as a future tech hub. “It gives young people such a huge opportunity for success," he noted. The term-limited governor also touched on the issue of gun ownership, offering up the idea of possibly raising the age limit to obtain rifles like the AR-15 to 21 instead of 18 as it currently stands.
Load More