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Supporters tell Senate committee a regulatory 'sandbox' could ease market entry while keeping disclosures
Summary
At a third hearing on SB90, the Buckeye Institute and other advocates described a universal regulatory sandbox to let innovators test products with agency oversight and disclosures; senators pressed witnesses on consumer protections, waivable rules and proposed time limits for sandbox participation.
Advocates for Senate Bill 90 told the Senate General Government Committee a regulatory sandbox could help innovators test products and services with agency oversight, disclosures and an expectation that participants would “graduate” to full market access.
Greg Lawson of the Buckeye Institute described a universal sandbox that would expand on earlier financial sandboxes by enabling…
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