Creating the regulatory relief division within the office of the attorney general and establishing the general regulatory sandbox program to waive or suspend rules and regulations for program participants.
What changed between versions
Added the Senate Committee on Ways and Means and House Committee on Appropriations to the list of bodies that must approve additional staff beyond the initial two employees.
Explicitly defined the duties and powers of the Regulatory Relief Division, including acting as a liaison for businesses and reviewing laws that inhibit company growth.
Established a 11-member General Regulatory Sandbox Program Advisory Committee with specific term lengths (four years for business members, two years for legislative members) and defined the exact sources for each appointment.
Added requirements for the division to submit annual reports to specific legislative committees starting in 2027, detailing participant costs, savings, and consumer outcomes.
Corrected formatting inconsistencies, removed draft committee markup, and standardized the bill header and page numbering.