Assembly Bill 12, proposed by Assemblymember Matt Haney from San Francisco, would limit security deposits for renters in California to one month's rent, regardless of whether a unit is furnished or not. This proposal has gained widespread support in the Assembly from both landlords and labor organizations, but has been met with some opposition due to its potential to reduce the housing supply. Currently, security deposits can be as much as two months' rent for unfurnished units, which can be a huge financial burden for low-income families. This bill has the potential to make finding housing more accessible and reduce the debt burden of those looking to move.