and a host of other legal requirements that are supposed to ensure the safety of the passengers.
Supposed to but they don't. Apparently you've never experienced an insane taxi driver.
Uber lets customers easily leave feedback on individual drivers, which is communicated out to the client base, unlike any government model.
As well, the drivers can leave feedback on the passengers, improving cabbie safety. Cabbie murder is a real problem an medallions are not bullet-proof shields.
This bill does real harm because it eliminates the real safety gains of Uber over the government regulation model. The trouble with government models is they only need to have intent, not results. A competitive market does not have that fatal flaw.
Of course if an Uber operator were to try to continue, the police would draw their guns as well - really illustrating the risk imbalance.