It took them several months to reach a decision, but the Montgomery County Council in Maryland finally adopted a rent stabilization bill by a 7-4 vote this week. The bill caps increases at 6%.

During the heated debate on the measure, the council was deciding between a bill that set a maximum cap at 3% and an "anti-rent-gouging" proposal that would have allowed increases as high as 8% plus inflation.

The competing proposals were introduced in March. The bill that passed this week represents the compromise: a cap of 3% plus inflation or 6%, whichever is lower, the Washington Post reported.

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