Proposal creating ‘regulatory sandboxes’ advances

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Proposal creating ‘regulatory sandboxes’ advances

The Kansas Legislature on Friday took a step toward creating an environment for entrepreneurs to test novel business ideas in a setting where rules and regulations are temporarily or permanently waived. The House Commerce Committee approved a bill creating what are known as regulatory “sandboxes,” where particular rules and regulations are relaxed or amended in order to foster business innovation. It now goes to the full House. The goal of regul…