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Senate moves to eliminate ride‑hail assessment but preserves $50,000 safety fund
Summary
First substitute House Bill 47 would stop assessments on transportation network companies while retaining a $50,000 recovery fund for future claims; sponsor said there have been no claims against the fund and the measure passed first‑stage roll call for third reading.
The Senate moved forward with a bill that ends the assessment on transportation network companies while maintaining a $50,000 recovery fund to cover potential future claims. Senator Bramble said the Transportation Network Vehicle Recovery Fund was modeled on a lien recovery fund and exists to cover gaps where insurance exclusions prevent claim payment.
"It went up to a maximum of $50,000. There's never been a claim against it," Senator Bramble said, describing the measure as a compromise that eliminates the ongoing assessment on companies (such as ride‑hail platforms) while keeping the $50,000 cap as a safety valve.
Under the proposal, assessments that previously funded the recovery fund would be eliminated as of June of the year referenced on the floor, while the retained $50,000 would remain on deposit to cover any future qualifying claim. Senator Bramble said the bill also clarifies that claims may not exceed the $50,000 remaining in the fund.
The Senate recorded a roll call in which the substitute bill received 21 'yay' votes and will be read a third time. The bill now advances through the chamber's regular third‑reading process.
