Sharing Economy
On September 29, the House Subcommittee on Commerce, Manufacturing, and Trade held a hearing titled “The Disrupter Series: How the Sharing Economy Creates Jobs, Benefits Consumers, and Raises Policy Questions.” The Background Memo on the hearing stated, “The sharing economy typically is described as the facilitation of peer-to-peer transactions, many of which would be impossible or too costly without sharing platforms.” It also cited a study estimating that the sharing economy generated $15 billion in revenues in 2013, and is projected to generate $335 billion in 10 years. The hearing looked at the influence the sharing economy and its emerging…
