Relates to reregulating units that were illegally deregulated from rent control or rent stabilization

This bill requires New York City to return residential units to rent control or rent stabilization status if they were illegally deregulated after previously being covered under those programs. It directly affects current tenants in buildings where owners improperly removed rent protections, ensuring those units revert to their prior regulated status. The law mandates that any unit deregulated without legal authority must be restored to its previous rent-controlled or rent-stabilized condition, excluding units deregulated under valid legal provisions. The policy change takes effect 60 days after enactment, applying to both the city's administrative code and the Emergency Tenant Protection Act.