The state Assembly has advanced a bill on a 79-19 vote to regulate ride-share companies such as Uber Technologies Inc. and Lyft Inc.
The legislation, which now moves on to the Senate, would override any previously existing local ordinances regulating such services. It would create uniform standards across the state that would require ride-share companies to purchase a license for $5,000, conduct background checks on all drivers, perform emissions tests on vehicles, and carry at least $1 million in commercial insurance coverage on passengers, from the time they book the ride with the app until they reach their destination.
