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Thursday, November 21, 2024

Bill proposes universal regulatory sandbox for business expansion in Ohio

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State Rep. Brett Hillyer | The Ohio House of Representatives

State Rep. Brett Hillyer | The Ohio House of Representatives

COLUMBUS, OH — The Economic and Workforce Development Committee heard sponsor testimony from State Rep. Brett Hillyer (R-Uhrichsville) on House Bill 476. The proposed legislation aims to establish a universal regulatory sandbox program within the Ohio Department of Commerce. This program would enable individuals to gain limited market access in Ohio to test their products or services without obtaining the usual licensure or authorization.

“The creation of the universal regulatory sandbox program and regulatory relief office will allow us to create the best possible economic environment for the State of Ohio,” said Hillyer. “By getting government out of the way, we allow our businesses to grow and thrive.”

The bill also proposes creating a regulatory relief office within the department. This office would administer the program and serve as a liaison between private businesses and state agencies, identifying laws or regulations that could be waived or suspended under the universal regulatory sandbox program.

House Bill 476 awaits its second hearing in the Economic and Workforce Development Committee.

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