Governor Walker signs ride-hailing bill into law Friday

MADISON - Governor Scott Walker signed a bill Friday allowing statewide regulations for ride-hailing companies, like Uber and Lyft.

Governor Walker said the law shows the importance of having affordable transportation options while maintaining people's safety.

The new law prohibits local ordinances from governing ride-hailing programs. The companies are required to purchase a $5,000 state license, conduct driver background checks, and maintain liability insurance.

Full story: WJFW

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