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2022 SESSION

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HB 208 Regulatory Innovation, Department of, and Virginia Regulatory Sandbox Program; created, report.

Introduced by: Michael J. Webert | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Department of Regulatory Innovation; Virginia Regulatory Sandbox Program; created. Creates the Department of Regulatory Innovation to oversee the Virginia Regulatory Sandbox Program, also created by the bill, which allows an individual or business to demonstrate a product, production method, or service under a waiver or suspension of one or more state laws or regulations. The bill sets out the process by which an individual or business may apply for participation in the Program, the role of the Department in reviewing such applications for approval or denial, and the requirements for participation in the Program, including provisions related to consumer protection.


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