Regulatory sandbox bill would give Utah startups an opportunity to avoid regulation
News Highlights: Regulatory sandbox bill would give Utah startups an opportunity to avoid regulation
SALT LAKE CITY, Utah – A bill making its way through the Utah State Legislature would allow Utah start-ups to avoid the regulations for a limited time.
The hope is that this would allow new businesses to flourish and flourish without being held back by all the red tape.
House Bill 217 (HB217) focuses on creating a Regulatory Sandbox Program for Utah businesses.
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Allow start-ups to create new products without adhering to certain regulations
Let lawmakers change or remove rules that hinder start-ups
Regulatory sandbox bill would let Utah startups avoid regulations
Businesses would have to apply and it would last one to two years
Utah startup companies could soon apply to avoid regulations for a certain amount of time if a bill passes the Utah State Legislature.
and last updated 2021-02-07 21:00:49-05
SALT LAKE CITY, Utah â A bill making its way through the Utah State Legislature would let Utah startup companies avoid regulations for a limited amount of time.
The hope is this would let new businesses flourish and thrive without being held back by all of the red tape.
House Bill 217 (H.B. 217) focuses on making a Regulatory Sandbox Program for Utah businesses.