 Brennan Dixon, WBT News. President Biden in Las Vegas today looking for support for minorities at a gathering of the NAACP. He's pitching a new policy idea putting a limit on how much rent could be raised each year. Now the president's plan to cap rent prices to 5% a year and it would only apply to landlords who own 50 or more units and that's about half the rental landlords nationwide. The price cap would not apply to units that have yet to be built and Congress would have to approve the plan.