VA SB587

Requires transportation network companies (TNCs) like Uber and Lyft to pay drivers a minimum of $6 per completed trip, with a $2 base fare plus $1.50 per mile and $0.50 per minute from trip acceptance to completion

Mandates $5 minimum compensation for cancelled trips, including passenger cancellations or no-shows after five minutes at the pickup location

Protects driver gratuities as separate from fare compensation, prohibiting TNCs from capping tip amounts or including tips in minimum compensation calculations

Requires TNCs to pay deactivated drivers any remaining account funds within 10 days via bank deposit or mailed check

Authorizes the Department of Motor Vehicles to investigate violations, order fines and restitution, assess civil penalties, and suspend or revoke TNC operating certificates, with minimum compensation amounts adjusted annually by Consumer Price Index