Taken from Uber's blog post:

"The DC City Council informed us that they intended to pass an amendment to the taxi modernization bill that would make it illegal for Uber to lower its prices or to offer a low cost service in any form.

The Council’s intention is to prevent Uber from being a viable alternative to taxis by enacting a price floor to set Uber’s minimum fare at today’s rates and no less than 5 times a taxi’s minimum fare. Consequently they are handicapping a reliable, high quality transportation alternative so that Uber cannot offer a high quality service at the best possible price. It was hard for us to believe that an elected body would choose to keep prices of a transportation service artificially high – but the goal is essentially to protect a taxi industry that has significant experience in influencing local politicians. They want to make sure there is no viable alternative to a taxi in Washington DC, and so on Tuesday (tomorrow!), the DC City Council is going to formalize that principle into law."

Update: Council members Jack Evans (Ward 2) and Tommy Wells (Ward 6) have introduced a new version of the Uber Amendment that STRIKES DOWN the minimum fare language. Tell your council member NOW to urge them to support the Evans/Wells Uber Amendment WITHOUT the minimum fare language.