✔️ SB90
Create regulatory relief division; establish regulatory sandbox
Current Status: In Senate Committee (General Government)
Summary
SB90 establishes a regulatory relief division within the common sense initiative office and creates a universal regulatory sandbox program in Ohio. This program allows participants to test innovative offerings while temporarily waiving certain regulatory requirements, aiming to foster innovation and reduce barriers for businesses.
Rationale
The bill aligns well with the Libertarian Party's emphasis on reducing government regulations and promoting free markets, while also appealing to more traditional conservative values regarding economic growth and consumer choice.
Risks and Concerns
- Potential consumer harm due to removing regulatory protections
- Misuse of the sandbox by companies not committed to responsible practices
- Lack of adequate oversight for innovative offerings