New businesses could apply to sidestep regulations under Utah bill

in Government

More startups could choose Utah if new legislation passes.

The draw is they could apply to avoid some regulations for a year or two under House Bill 217.

“It allows them to take an innovation, move it into a sandbox where they don’t have to deal with all of these regulations, other than regulations that would apply to safety for people,” said Rep. Cory Maloy (R-Lehi), the bill’s sponsor. “We don’t want anyone to feel unsafe or be unsafe.”

Utah and other states have launched regulatory sandbox programs in the past focused on specific industries, like insurance or financial technology, but Maloy said such a program that’s open to all industries is a first for the country.

Continue Reading on KUTV


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