This bill establishes a task force to conduct a comprehensive review of Washington's residential landlord-tenant act, recognizing the need for updates due to changes in the rental market and local ordinances. The task force will consist of various stakeholders, including representatives from the property management industry, tenant organizations, and public housing authorities, and will focus on issues such as rent stabilization, eviction processes, and tenant screening. The task force is required to report its findings and recommendations to the legislature by July 1, 2027, and will be supported by the Department of Commerce.

Additionally, the bill imposes a 36-month moratorium on new regulations related to the residential landlord-tenant relationship at the city, code city, and county levels. This moratorium aims to prevent the enactment of new ordinances or policies that could complicate the ongoing review and potential revisions of the landlord-tenant act. The task force's work and the moratorium are intended to foster a balanced relationship between landlords and tenants while addressing the evolving needs of Washington's housing landscape.