The City Council is putting an end to the free-for all that is NYC's pedicab business. After lengthy discussions, the Council has passed a bill that will require pedicab operators to use a meter which charges a fixed rate per minute. The exact rate will be up to each driver, but will have to be displayed in large type on the cab.

Without regulation, pedicabs have been known to prey on tourists ignorant of typical cab fares. Last year, one tourist paid $90 for a 15 block ride. In August, one entrepreneurial cabbie managed to gouge over $400 out of a Texas family for a ten block ride. The competition for those precious tourist dollars even led to a pedicab brawl last summer in Central Park (Typical psycho cyclists).

The pedicabs' price gouging was, until now, technically legal. As long as their fares were printed somewhere on the cab—even if on a rate card in tiny type—they could charge whatever they wanted, no matter how high the price.

“Deception must not be an acceptable business practice in New York City,” said Dan Garodnick, chairman of the Consumer Affairs committee. The bill was passed by the committee unanimously on Monday.