The bill establishes a Regulatory Relief Division within the Office of the Attorney General in Kansas, tasked with overseeing a General Regulatory Sandbox Program. This program allows participants to waive or suspend certain administrative rules and regulations to promote innovation and business development. The division will be led by a director appointed by the Attorney General, who can appoint limited staff, with additional staffing requiring legislative approval. An advisory committee will be created to review applications from businesses wishing to participate in the sandbox program, ensuring consumer safety and regulatory compliance while maintaining confidentiality of application information. The committee will require a two-thirds vote for certain approvals.

Key provisions of the bill include a prohibition on waiving or suspending taxes, fees, or charges, and the director's authority to deny applications based on consumer risk. Denials will not be subject to the administrative procedure act or judicial review, and the director must notify competitors and the public of approved sandbox participants. The demonstration period for participants is extended from 12 months to 24 months, during which they must disclose information about their offerings and associated risks. The bill also outlines participant responsibilities, including record-keeping and incident reporting, and allows for the removal of participants who violate laws or regulations, ultimately aiming to balance innovation with consumer protection and regulatory oversight.

Statutes affected:
As introduced: 75-4319
As Amended by House Committee: 75-4319
{As Amended by House Committee of the Whole}: 75-4319