California Becomes First U.S. State to Regulate Ride-Sharing Services
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The decision will provide startups, their users, and regulators with a clear uniform set of policies as well as set the stage for future regulation in other U.S. markets.
California today became the first U.S. state to regulate ride-sharing services when the state's Public Utilties Commission voted Thursday to establish a new category of businesses called “Transportation Network Companies.” The vote passed 5 - 0.
The proposed regulations define ride-sharing startups, now considered Transportation Network Companies, as an "organization, wheth