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Committee hears sponsors on universal regulatory sandbox bill to spur innovation
Summary
Representative Fisher and Representative Lorenz presented sponsor testimony on House Bill 176, which would establish a universal regulatory sandbox in Ohio and create a Regulatory Relief Office within the governor’s common-sense initiative to administer the program.
Representative Fisher and Representative Lorenz presented sponsor testimony on House Bill 176, which would establish a universal regulatory sandbox in Ohio and create a Regulatory Relief Office within the governor’s common-sense initiative to administer the program.
The bill would let businesses temporarily test products or services in Ohio markets with limited exemptions from state licensure or regulation for up to five years, with possible time-limited extensions, provided applicants meet consumer-protection, record-keeping and disclosure requirements. Sponsors said the…
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