Committee Hears Support for Broader Regulatory Sandbox; Questions on Time Limits
Supporters told the committee House Bill 176 would expand Ohio’s regulatory sandbox beyond fintech to allow supervised testing of novel products and services; witnesses cited examples from other states and asked the committee to consider program details including a five-year testing window.
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Tony Long, general counsel and director of energy and environmental policy at the Ohio Chamber of Commerce, testified the bill "would create a regulatory sandbox program for novel products and services in Ohio" and said 14 states already have some form of sandbox. He described examples used in other states: a Utah towing-dispatch app, title insurance and health-care testing in Utah, and art-fraud detection and blockchain work in Arizona.
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