senator plans to call for a hearing to iron out issues between the Land Transportation Franchising and Regulatory Board (LTFRB) and operators of Transport Network Vehicles (TNVS) for the welfare of thousands of commuters who are relying on the innovative means of transportation.

“Sa away na ito, ang mga nagko-commute at mga driver ang pinakatalo. All parties must sit down and iron this out,” said Sen. Bam Aquino.

“Habang hindi pa naaayos ang mga regulasyon, publiko ang mapeperwisyo. Dapat magkaroon ng kompromiso para sa kapakanan ng ating mananakay,” added Sen. Bam.

Sen. Bam said the LTFRB and TNVS must find a way to reach a compromise and determine the best way forward in terms of requirements in getting a franchise.

Sen. Bam also filed Senate Bill No. 696 or the Rideshare Support Company Act, which aims to promote and encourage new, affordable and safe transportation options for the commuting public, like Uber and Grab.

The measure seeks to clarify regulations governing Transportation Network Companies, or Rideshare Support Companies (RSCs), as well as Rideshare Network Drivers and Vehicles.

“In any industry, increased competition often leads to improved quality, improved service, and lower prices for consumers. For the commuting public, this is a change they have long clamored for,” said Sen. Bam.

Once approved, RSCs must obtain certificate of accreditation from LTFRB before getting an authority to onboard qualified Rideshare Network Driver (RND) after a thorough background check and submission of pertinent documents.

Qualified RNDs must also have a minimum P200,000 per passenger personal accident insurance by licensed Philippine insurer.