Volume 6/Issue 27

  • RCSG Helps Lyft Pass Groundbreaking Ridesharing Legislation
  • Legislation to Allow the Governor to Ink Book Deal Fails
  • U.S. Senator Cory Booker Gets Prestigious Foreign Relations Committee Post
  • RCSG Client Wasseem Boraie Featured in NJBIZ; Debunks 5 Myths of Doing Business in Atlantic City

RCSG HELPS LYFT PASS GROUNDBREAKING RIDESHARING LEGISLATION

Legislation (S2179) sponsored by Senator Paul Sarlo and Senator Joseph Kyrillos that will establish statewide safety standards and consumer protections for the state’s rapidly growing ride-sharing business, or transportation network companies (TNCs), such as Lyft and Uber, was approved by the Senate and Assembly on Monday. The legislation is now awaiting the Governor's signature. 

An estimated 20,000 drivers in New Jersey have already been active in working for Uber and Lyft alone, and the number of drivers is expected to increase.

Part of the statewide standards include criminal background checks of the drivers and prohibiting those with serious offenses from being licensed. Drivers would also be disqualified if they have more than three moving violations, a suspended or revoked license, and a DUI or reckless driving offense, among other violations. 

River Crossing Strategy Group has been working with Lyft to build stakeholder and third-party support to create a legislative framework of the TNC industry. 

LEGISLATION TO ALLOW THE GOVERNOR TO INK BOOK DEAL FAILS

Legislation to allow the Governor, his senior staff and cabinet members to receive compensation for books and published works failed to be posted for final floor votes by the Senate and Assembly on Monday.  Current law prohibits such individuals from profiting from book deals while actively serving in their respective offices.

That bill, along with other legislation that would have allowed municipalities the option of not placing legal notices for work in newspapers, stalled at the face of significant opposition from the newspaper industry association, community interest groups of varying backgrounds and legislators themselves, including the Senate Majority Leader.

The Governor’s Office stated that it will continue to press for the legal notice legislation in the new year.  The Senate President and Assembly Speaker left open the possibility for a compromise on that bill, but the Speaker indicated that he will no longer post the book deal bill for a vote, effectively terminating the measure.

U.S. SENATOR CORY BOOKER GETS PRESTIGOUS FOREIGN RELATIONS COMMITTEE POST  

New Jersey’s own Senator Cory Booker was recently assigned to the U.S. Senate’s Foreign Relations Committee. 

As reported in the Philadelphia Inquirer, “The committee will oversee the American response to issues roiling the globe, from renewed Russian aggression to the Syrian civil war and the international nuclear deal with Iran. Booker will also have an early vote on President-elect Donald Trump's pick for secretary of state, Rex Tillerson.”

The article notes that the prestigious committee post also allows Senator Booker, who is mentioned as potential 2020 presidential candidate, to expand his portfolio from what has been a more of domestic focus to global issues.

RCSG CLIENT WASSEEM BORAIE FEATURED IN NJBIZ; DEBUNKS 5 MYTHS OF DOING BUSINESS IN ATLANTIC CITY

Wasseem Boraie, Vice President of Boraie Development, recently provided some unique insight into why his company is investing heavily in one of New Jersey’s most iconic cities. Boraie spoke with NJBIZ’s Tom Bergeron about its $81 million investment in the City’s first market-rate apartment project in decades and explained why some popular misconceptions about AC are wrong.