North Carolina Gov. Pat McCrory signed legislation last week to regulate ride-sharing transport businesses.
The new law will require liability insurance for vehicles, as well as background checks for drivers. The law also requires a $5,000 investment as an application fee for an operating permit, as well as a $5,000 renewal fee.
“This law will help ride-sharing companies and the people who use them flourish while increasing safety,” McCrory said. “It encourages competition, innovation and opens the door to individual entrepreneurship while helping North Carolinians connect with businesses, education, concerts, sporting events and each other.”
The governor discussed the new legislation after signing the bill during a ceremony at the Charlotte Chamber of Commerce. Among the attendees were state Rep. Bill Brawley (R-Dist. 103) and state Sen. Floyd McKissick (D-Dist. 20), along with official representatives from two leading ride-sharing transportation companies, Uber and Lyft.
McCrory became the 74th governor of North Carolina in 2013. Born in Columbus, Ohio, in 1956, McCrory previously served as mayor of Charlotte from 1995 to 2009. McCrory was educated at Catawba College.