Establishes a universal regulatory sandbox program in Ohio to test innovative products or services.

The bill establishes a universal regulatory sandbox program in Ohio to allow businesses to test innovative products or services without needing additional licenses or authorizations. Businesses can apply to participate in the sandbox, where they can demonstrate their offerings for up to five years. The program aims to reduce regulatory burdens while protecting consumers. The regulatory relief division reviews applications and consults with relevant agencies to determine if certain laws or regulations can be temporarily waived or suspended.

Establishes a universal regulatory sandbox program in Ohio to test innovative products or services.

The bill establishes a universal regulatory sandbox program in Ohio to allow businesses to test innovative products or services without needing additional licenses or authorizations. Businesses can apply to participate in the sandbox, where they can demonstrate their offerings for up to five years. The program aims to reduce regulatory burdens while protecting consumers. The regulatory relief division reviews applications and consults with relevant agencies to determine if certain laws or regulations can be temporarily waived or suspended.