Empowering People – Welcoming Innovation
From the Office of Niagara West-Glanbrook MPP and former Ontario PC leader Tim Hudak
Posted March 31st, 2016 on Niagara At Large
Queen’s Park, Ontario – This March 31st, 2016, MPP Tim Hudak released details on his second Sharing Economy Private Member’s Bill, which will build on the momentum created by his groundbreaking Opportunity in the Sharing Economy Act, 2015.
It aims to give Ontarians the ability to earn extra income through home food sales, carpooling, investing or lending, and task-based services.
Hudak’s second sharing economy Bill will empower people to use technology to earn extra income by using assets that they already own or skills they possess. He will do this by establishing a province-wide framework with modern, streamlined consumer protection measures to give consumers greater choice through sharing economy services in Ontario.
Hudak’s first sharing economy Bill, Opportunity in the Sharing Economy Act, incorporates modern, province-wide best practices to fully legalize ridesharing, homesharing and parking sharing companies. The Act passed a critical second reading vote 32-9 in the Legislature on October 29th, 2015.
The proposed legislation is the first of its kind in Canada.
MPP Hudak has also launched a website (www.sharingeconomy.ca) dedicated to both his sharing economy Bills. It encourages debate on the sharing economy and invites input on how best to legalize these new apps while ensuring sensible consumer protection measures are in place. Hudak will create the final Bill from best practices and advice from industry experts and consumers.
The many new innovative companies joining the sharing economy market are further proof that people are looking for new ways to save money and earn extra income. These types of apps offer flexibility for both the consumer and the service provider, and encourage people to be entrepreneurs.
“In an era where technology is outpacing the speed of regulation, it is critical that lawmakers, regulators and entrepreneurs foster an open dialogue that doesn’t hamper or halt the success of new business models,” said Cato Pastoll, the CEO of innovative FinTech app Lending Loop.
Hudak says, “What I plan to do with both of my Bills is help people get more of life’s most precious commodities – time and money. What I want is to see Ontario leading and not struggling to catch up.”
For more information on Tim Hudak, visit his website at – | www.timhudak.ca
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