Illinois lawmakers are close to sending the governor a plan to regulate ridesharing companies. The state Senate has approved the proposal with strong support. It creates two tiers of regulation for a burgeoning ridesharing industry popular in Chicago that includes companies like Uber and Lyft. All drivers would need to pass background checks and have commercial liability insurance. Drivers working more than 36 hours in a two-week period would need to follow stricter regulations, similar to taxis. Democratic state Sen. Tony Munoz of Chicago is sponsoring the legislation. He says the rules would create a level playing field with cab companies. But ridesharing companies have said the regulations would stifle innovation. Part of the proposal goes to the House for approval.
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