HB 2731
Initials PRB/NM Page 1 House Engrossed
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-fifth Legislature
Second Regular Session
House: COM DP 10-0-0-0
HB 2731: regulatory sandbox; expansion
Sponsor: Representative Kaiser, LD 15
House Engrossed
Overview
Broadens the regulatory sandbox program by permitting innovations which are not financial
products or services to qualify.
History
Arizona's regulatory sandbox is a program established under Arizona law which enables a
business to obtain limited access to the Arizona market to test innovative financial products or
services without first needing to obtain licensure. The Arizona Attorney General’s Office is
responsible for administering the Sandbox (A.R.S. § Title 41, Chapter 55).
Provisions
1. Expands the regulatory sandbox program to include innovations which are not financial
products or services. (Sec. 2, 3, 4, 5)
2. Modifies the definition of innovation by removing the specification of providing a financial
product or service. (Sec. 1)
3. Makes technical changes. (Sec. 3, 4, 5)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note