NYC becomes first US city to regulate ride-hailing

Drivers must now receive a minimum wage of $17.22 an hour, while new licenses will be frozen for a year as the Taxi and Limousine Commission studies the industry.

The New York City Council voted Wednesday to regulate ride-hailing apps like Uber and Lyft, becoming the first city in the United States to do so.

The new rules include temporarily ending the issuing of new for-hire vehicle (FHV) licenses and adding a new license category for the companies. The new license category covers companies that have at least 10,000 trips per day, which must apply for a two-year license from New York’s Taxi and Limousine Commission (TLC) and submit a business plan to demonstrate a need for service.

The city will also include a drivers' minimum wage requirement and provide for a year-long study of the industry. Following the vote, Mayor Bill de Blasio said on Twitter he will sign the legislation.

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Transportation, GOVHQUber, FHV