Airbnb has sent a letter to the New York City Council blasting a bill that would charge homeowners who use home-sharing sites with steep fines.
The company says it's a "bad policy" that could bankrupt New Yorkers.
The Daily News says the company's head of public policy sent the letter Wednesday, a week before the Housing and Buildings Committee holds a hearing on the bill.
Christopher Lehane, Airbnb's global head of public policy, called it the "Freddy Krueger" of bills.
Councilman Jumaane Williams concedes the $50,000 maximum fine might be a little steep, but says it wouldn't be levied against the occasional Airbnb user.
He and Councilwoman Helen Rosenthal say it's targeted at landlords who illegally rent out regulated apartments.
Copyright AP - Associated Press
