diff --git a/proposals/2176-update-redaction-rules.md b/proposals/2176-update-redaction-rules.md
new file mode 100644
index 00000000..a939178a
--- /dev/null
+++ b/proposals/2176-update-redaction-rules.md
@@ -0,0 +1,48 @@
+# MSC2176: Update the redaction rules
+
+The current [redaction
+algorithm](https://matrix.org/docs/spec/client_server/r0.5.0#redactions) is now
+somewhat dated. This MSC proposes a number of changes to the rules which will
+improve the security and reliability of the Matrix protocol.
+
+## Proposal
+
+The following changes will require a new room version, since changes to the
+redaction algorithm also change the way that [event
+hashes](https://matrix.org/docs/spec/server_server/r0.1.2#calculating-the-reference-hash-for-an-event)
+(and hence event IDs) are calculated.
+
+The following *event* keys should be *removed* from the list of those to be
+preserved by a redaction:
+
+ * `membership`
+ * `prev_state`
+
+(Note this refers to the *event-level* `membership` property, rather than the
+similarly-named sub-property under the `content` key.)
+
+Ratinale: neither of the above properties have defined meanings in the Matrix
+protocol, so there is no reason for them to be special-cased in this way.
+
+The following should be added to the list of subkeys of the content property
+which should be preserved:
+
+ * `m.room.redaction` should allow the `redacts` key (assuming
+   [MSC2174](https://github.com/matrix-org/matrix-doc/pull/2174) is merged).
+   Rationale: currently, redacting a redaction can lead to inconsistent results
+   among homservers, depending on whether they receive the `m.room.redaction`
+   result before or after it is redacted (and therefore may or may not redact
+   the original event).
+
+ * `m.room.create` should allow the `room_version` key. Currently, redacting an
+   `m.room.create` event will make the room revert to a v1 room.
+
+ * `m.room.power_levels` should allow the `notifications` key. Rationale:
+   symmetry with the other `power_levels` settings. (Maybe? See
+   https://github.com/matrix-org/matrix-doc/issues/1601#issuecomment-511237744.)
+
+
+## Potential issues
+
+What if there is spam in sub-properties of the `notifications` property of
+power-levels? Should we not be able to redact it?