Bill > SF2650

This bill establishes the Peer-to-Peer Car Sharing Program Act, which creates a comprehensive legal framework for car-sharing platforms that allow vehicle owners to rent out their personal vehicles to other drivers. The bill defines key terms like "peer-to-peer car sharing," "car sharing period," and "shared motor vehicle," and establishes detailed insurance and liability provisions. Specifically, during a car sharing period, the car sharing program assumes liability for bodily injury, property damage, and other potential losses, with insurance coverage that meets minimum state requirements. The bill mandates that car sharing programs verify drivers' licenses, disclose important information to users, and ensure vehicles are not under active safety recall. The legislation also allows car sharing programs to offer financial protection packages and provides protections for vehicle owners, such as exempting them from vicarious liability. Additionally, the bill amends existing statutes to clarify that peer-to-peer car sharing programs are not traditional auto rental companies and are exempt from certain tax and insurance regulations. The provisions will become effective on January 1, 2026, giving businesses time to prepare for the new regulatory environment.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2650&ssn=0&y=2025