Congress Just Started Caring About the Sharing Economy - Emily Badger. If the so-called "sharing economy" grows into some significant piece of the U.S. economy at large – as many of its advocates predict – Wednesday will mark the day when Congress first began to inquire about just what it all means.
"Do you have to give out 1099s? " wondered Congressman Chris Collins, a Republican from New York. "This is fascinating," said Arizona Republican Representative David Schweikert, pondering a startup platform called 1000 Tools that enables people to rent cement hammers from each other. "You may slow down capital expenditures but actually make the economy much more efficient. "
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