TTA Foundation Presents: Financial Sustainability of the Taxi Industry Depends on the Graves Amendment

Graves Amendment—a federal provision passed in 2005 that shields taxi owners and leasing companies from vicarious liability in accidents where they are not at fault. Over its two-decade history, Graves has faced legal challenges and hurdles. While focused specifically on the taxi sector, the report underscores that preserving these protections is vital for the financial stability and insurability of all fleet-based transportation providers.