Brazil President Michel Temer on Monday signed into law a bill regulating car-hailing apps like Uber without vetoing any provisions.
The law will allow local governments to institute rules for the services, although Congress had voted to eliminate more stringent requirements such as special red plates for ride-hailing cars and that drivers must own their vehicles.
The new regulation dictates that drivers must have certain insurance coverage and must be registered as individual contributors in the social security system.
Uber Technologies Inc and competitors had praised the final version of the bill passed by Congress last month with Spain’s Cabify saying it “puts Brazil on the forefront of regulation for individual passenger transportation service apps.”
(Reporting by Jake Spring Editing by Leslie Adler)
Was this article valuable?
Here are more articles you may enjoy.
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
State High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive 
