A bill to establish a regulatory sandbox program under which agencies may provide waivers of agency rules and guidance, and for other purposes.

Hozzl · 2024-08-01T10:56:30Z

Explore the details of Senate Bill 4919 A bill to establish a regulatory sandbox program under which agencies may provide waivers of agency rules and guidance, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

8/1/2024, 10:56 AM

Summary of Bill S 4919

Bill 118 s 4919, also known as the Regulatory Sandbox Act, is a proposed piece of legislation that aims to create a regulatory sandbox program within various government agencies. This program would allow these agencies to grant waivers of their rules and guidance in order to promote innovation and experimentation in various industries.

The main purpose of this bill is to provide a space for businesses and individuals to test new ideas and technologies without being hindered by strict regulations. By allowing for waivers of agency rules, the regulatory sandbox program seeks to foster creativity and growth in sectors such as technology, finance, and healthcare.

The bill also includes provisions for agencies to monitor and evaluate the outcomes of the waivers granted in the sandbox program. This oversight is intended to ensure that the waivers do not result in harm to consumers or the public interest. Overall, the Regulatory Sandbox Act is designed to strike a balance between promoting innovation and protecting the public welfare. It remains to be seen how this proposed legislation will be received by Congress and whether it will ultimately be passed into law.

Current Status of Bill S 4919

Bill S 4919 is currently in the status of Bill Introduced since July 31, 2024. Bill S 4919 was introduced during Congress 118 and was introduced to the Senate on July 31, 2024. Bill S 4919's most recent activity was Read twice and referred to the Committee on Homeland Security and Governmental Affairs. as of July 31, 2024

Bipartisan Support of Bill S 4919

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4919

Primary Policy Focus

Alternate Title(s) of Bill S 4919

A bill to establish a regulatory sandbox program under which agencies may provide waivers of agency rules and guidance, and for other purposes.A bill to establish a regulatory sandbox program under which agencies may provide waivers of agency rules and guidance, and for other purposes.

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Sponsors and Cosponsors of S 4919

Mike Lee

Utah(Republican)

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