"STATEMENT: Gov. Malloy signs rideshare bill into law (H.B. 7126)"
“This new law makes it easier for job-creating rideshare companies across Connecticut to continue to grow and thrive. Not only does it better position our state to compete for tomorrow's jobs, but it also makes ridesharing an even safer transportation option. That's a win-win.” – Brett Broesder, co-founder and vice president of Campaign for Tomorrow’s Jobs
Milford, CT (June 29, 2017) – Gov. Dannel P. Malloy signed into law this week a bill creating a new regulatory structure for transportation network companies (TNCs) (e.g. Uber and Lyft). The new law lays out requirements for rideshare companies on a variety of issues including insurance, service standards, and hiring practices. Also, it modifies certain aspects of taxi and livery vehicle regulations to make them more similar to the structure the bill creates for TNCs.
In response, Brett Broesder, co-founder and vice president of Campaign for Tomorrow’s Jobs, said that the new law is important because it helps our state secure the economic and safety benefits of the ridesharing industry.
“This new law makes it easier for job-creating rideshare companies across Connecticut to continue to grow and thrive,” said Broesder. “Not only does it better position our state to compete for tomorrow's jobs, but it also makes ridesharing an even safer transportation option. That's a win-win."
Rideshare companies are growing and creating good-paying jobs across the country. In its 2016 economic impact report, Lyft found that nationwide drivers earned $1.5 billion annually, and the company’s footprint resulted in $750 million in additional spending for local small businesses.
In U.S. cities where the Uber platform was adopted, total employment in point-to-point transportation services has expanded, according to researchers at the University of Oxford. In fact, the supply of wage employed taxi drivers increased by 10 percent, and self-employment skyrocketed by nearly 50 percent.
TNCs are also enhancing road safety. A comprehensive study conducted by Uber and Mothers Against Drunk Driving (MADD) revealed that in Seattle, before Uber's introduction in 2013, 2,750 people were arrested for DUI's annually. Since then, there has been a 10 percent reduction in these arrests.
The study also revealed nearly two-thirds of respondents believe elected officials should prioritize the safety of drivers and passengers.
“Thanks to Gov. Malloy for signing this important legislation into law,” said Broesder. “And, thanks to the General Assembly for their leadership on this pro-growth, pro-jobs measure.”
On May 11, 2017, the House of Representatives passed the bill (103-39-9). On June 6, 2017, the Senate passed the bill (28-8). The new law will go into effect on October 1, 2017.
To read Public Act No. 17-140 -- An Act Regulation Transportation Network Companies and Taxicabs -- click here.
About Campaign for Tomorrow’s Jobs
The Campaign for Tomorrow’s Jobs focuses on growing Connecticut’s economy for present and future generations in three key policy areas: workforce preparedness, business growth & innovation and fiscal sustainability. Read more at www.tomorrowsjobs.org.
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