SB90

Create regulatory relief division; establish regulatory sandbox

Senate | In Senate Committee (General Government)

📋 What This Bill Does

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.

Plain English summary · Non-partisan · Auto-generated

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

Platform Citations (5)

1357.01 SUPPORTS

Defines terms related to the regulatory sandbox program.

1357.02 SUPPORTS

Establishes the framework for the regulatory sandbox program.

1357.04 SUPPORTS

Requires annual reporting on the program's performance and impacts.

1357.08 SUPPORTS

Mandates disclosures to consumers about the nature and risks of the offerings.

1357.12 SUPPORTS

Encourages public input on regulatory reforms to benefit businesses.