Establishes a regulatory relief division and a universal regulatory sandbox program in Ohio.

The bill creates a regulatory relief division within the common sense initiative office to administer a universal regulatory sandbox program. This program allows businesses to test innovative products or services in Ohio without needing certain licenses or authorizations. Businesses must apply to participate, and the division can approve or deny applications. Participants must disclose certain information to consumers and report any incidents of harm. The program aims to reduce regulatory burdens while protecting consumers.

Establishes a regulatory relief division and a universal regulatory sandbox program in Ohio.

The bill creates a regulatory relief division within the common sense initiative office to administer a universal regulatory sandbox program. This program allows businesses to test innovative products or services in Ohio without needing certain licenses or authorizations. Businesses must apply to participate, and the division can approve or deny applications. Participants must disclose certain information to consumers and report any incidents of harm. The program aims to reduce regulatory burdens while protecting consumers.