A bill for an act providing for a regulatory relief program.

HF 85 establishes a regulatory relief program in Iowa to help businesses test new innovations without full regulatory compliance. It creates a Regulatory Relief Office to administer the program, allowing eligible businesses to apply for temporary waivers of specific licensing or authorization requirements needed to demonstrate new products or services. Businesses must submit detailed applications explaining how the innovation benefits consumers, identifies risks, and outlines safety protections, while state agencies review applications to ensure consumer health, safety, and financial protection. The program requires annual reports tracking participant industries, cost savings, consumer outcomes, and recommendations for permanent regulatory changes.