Washington
— TechNet, the national, bipartisan network of innovation economy
CEOs and senior executives, today voiced concerns about potential anti-home
sharing regulations being considered in Los Angeles.

In a letter to the Los Angeles City
Council, TechNet wrote: “TechNet is
committed to supporting Los Angeles’ economic growth and prosperity. We are proud to have many of our member
companies contributing every second, minute, hour and day to the city’s
economy, providing thousands of high-skilled jobs for Angelenos. We write to you today to ask for your support
of the innovation industry and its contributions to the economic growth of the
city of Los Angeles. A critical
component to this is the sharing economy, which is pivotal to creating a 21st
century economy that works for everyone.

Too
often, we see well-intentioned regulations stifle innovation. As the City of Los Angeles begins to consider
changes to its short-term rental rules, we hope the Council will take into
consideration the consequences both for middle class families who share their
homes to make ends meet and for companies that do business in Los Angeles.”

The letter was signed by Andrea Deveau,
Vice President, State Policy and Politics at TechNet.

The text of the letter can be found
below.