Introduced Version
HOUSE BILL No. 1330
_____
DIGEST OF INTRODUCED BILL
Citations Affected: IC 5-36.
Synopsis: Sandbox legislation. Establishes a regulatory sandbox
program.
Effective: July 1, 2022.
Miller D
January 11, 2022, read first time and referred to Committee on Government and Regulatory
Reform.
2022 IN 1330—LS 6303/DI 134 Introduced
Second Regular Session of the 122nd General Assembly (2022)
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
Constitution) is being amended, the text of the existing provision will appear in this style type,
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Additions: Whenever a new statutory provision is being enacted (or a new constitutional
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between statutes enacted by the 2021 Regular Session of the General Assembly.
HOUSE BILL No. 1330
A BILL FOR AN ACT to amend the Indiana Code concerning state
and local administration.
Be it enacted by the General Assembly of the State of Indiana:
1 SECTION 1. IC 5-36 IS ADDED TO THE INDIANA CODE AS A
2 NEW ARTICLE TO READ AS FOLLOWS [EFFECTIVE JULY 1,
3 2022]:
4 ARTICLE 36. REGULATORY SANDBOX PROGRAM
5 Chapter 1. Definitions
6 Sec. 1. The definitions in this chapter apply throughout this
7 article.
8 Sec. 2. "Advisory committee" means the regulatory sandbox
9 program advisory committee established by IC 5-36-3-1.
10 Sec. 3. "Applicable agency" means a department or agency of
11 the state that by law regulates a business activity and persons
12 engaged in such business activity, including the issuance of licenses
13 or other types of authorization, which the corporation determines
14 would otherwise regulate a sandbox participant.
15 Sec. 4. "Applicant" means a person that applies to participate
16 in the regulatory sandbox.
17 Sec. 5. "Consumer" means a person that purchases or otherwise
2022 IN 1330—LS 6303/DI 134 2
1 enters into a transaction or agreement to receive an offering
2 pursuant to a demonstration by a sandbox participant.
3 Sec. 6. "Corporation" means the Indiana economic development
4 corporation established by IC 5-28-3-1.
5 Sec. 7. "Demonstrate" or "demonstration" means to
6 temporarily provide an offering in accordance with the provisions
7 of the regulatory sandbox program described in this article.
8 Sec. 8. "Director" means the director described in IC 5-36-2.
9 Sec. 9. "Executive director" means the secretary of commerce.
10 Sec. 10. "Innovation" means the use or incorporation of a new
11 idea, a new or emerging technology, or a new use of existing
12 technology to address a problem, provide a benefit, or otherwise
13 offer a product, production method, or service.
14 Sec. 11. "Innovative offering" means an offering that includes
15 an innovation.
16 Sec. 12. "Person" means an individual, a proprietorship, a
17 partnership, a joint venture, a firm, an association, a corporation,
18 or other legal entity.
19 Sec. 13. "Product" means a commercially distributed good that
20 is:
21 (1) tangible personal property;
22 (2) the result of a production process; and
23 (3) passed through the distribution channel before
24 consumption.
25 Sec. 14. "Production" means the method or process of creating
26 or obtaining a good, which may include assembling, breeding,
27 capturing, collecting, extracting, fabricating, farming, fishing,
28 gathering, growing, harvesting, hunting, manufacturing, mining,
29 processing, raising, or trapping a good.
30 Sec. 15. "Regulatory relief office" means the regulatory relief
31 office established by IC 5-36-2-1.
32 Sec. 16. "Regulatory sandbox" means the regulatory sandbox
33 program established by IC 5-36-5-1, which allows a person to
34 temporarily demonstrate an offering under a waiver or suspension
35 of one (1) or more state laws or regulations.
36 Sec. 17. "Sandbox participant" means a person whose
37 application to participate in the regulatory sandbox is approved in
38 accordance with the provisions of this article.
39 Sec. 18. "Secretary of commerce" means the secretary of
40 commerce appointed under IC 5-28-3-4.
41 Sec. 19. "Service" means any commercial activity, duty, or
42 labor performed for another person.
2022 IN 1330—LS 6303/DI 134 3
1 Chapter 2. Creation of Regulatory Relief Office and
2 Appointment of Director
3 Sec. 1. The regulatory relief office is established within the
4 corporation.
5 Sec. 2. (a) The regulatory relief office shall be administered by
6 a director.
7 (b) The director shall report to the executive director and may
8 appoint staff subject to the approval of the executive director.
9 Sec. 3. The regulatory relief office shall:
10 (1) administer the provisions of this article;
11 (2) administer the regulatory sandbox program; and
12 (3) act as a liaison between businesses and applicable agencies
13 to identify state laws or regulations that could potentially be
14 waived or suspended under the regulatory sandbox program.
15 Sec. 4. The regulatory relief office may:
16 (1) review state laws and regulations that may unnecessarily
17 inhibit the creation and success of new companies or
18 industries and provide recommendations to the general
19 assembly on modifying such state laws and regulations;
20 (2) create a framework for analyzing the risk level to the
21 health, safety, and financial well-being of consumers related
22 to permanently removing or temporarily waiving laws and
23 regulations inhibiting the creation or success of new and
24 existing companies or industries;
25 (3) propose potential reciprocity agreements between states
26 that use or are proposing to use similar regulatory sandbox
27 programs as described in this article; and
28 (4) make rules necessary to:
29 (A) administer the regulatory sandbox, including making
30 rules regarding the application process and the reporting
31 requirements of sandbox participants; and
32 (B) cooperate and consult with other agencies in the state
33 that administer sandbox programs.
34 Chapter 3. Creation and Duties of Advisory Committee
35 Sec. 1. The regulatory sandbox program advisory committee is
36 established.
37 Sec. 2. The advisory committee consists of eleven (11) members
38 appointed as follows:
39 (1) Six (6) members appointed by the director who represent
40 business interests and are selected from a variety of industry
41 clusters.
42 (2) Three (3) members appointed by the director who
2022 IN 1330—LS 6303/DI 134 4
1 represent state agencies that regulate businesses.
2 (3) One (1) member of the senate, appointed by the president
3 pro tempore of the senate.
4 (4) One (1) member of the house of representatives, appointed
5 by the speaker of the house of representatives.
6 Sec. 3. (a) Subject to subsection (b), members of the advisory
7 committee who are not legislators shall be appointed to a four (4)
8 year term.
9 (b) Notwithstanding the requirements of subsection (a), the
10 director may adjust the length of terms of appointments and
11 reappointments to the advisory committee so that approximately
12 half of the advisory committee is appointed every two (2) years.
13 Sec. 4. The director shall select a chair of the advisory
14 committee on an annual basis.
15 Sec. 5. A majority of the advisory committee constitutes a
16 quorum for the purpose of conducting advisory committee
17 business, and the action of the majority of a quorum constitutes the
18 action of the advisory committee.
19 Sec. 6. The advisory committee shall advise and make
20 recommendations to the regulatory relief office.
21 Sec. 7. The regulatory relief office shall provide administrative
22 staff support for the advisory committee.
23 Sec. 8. (a) Members of the advisory committee who are not
24 legislators may not receive compensation or benefits for their
25 service, but a member appointed under section 2(1) of this chapter
26 may receive per diem and travel expenses.
27 (b) Compensation and expenses of members of the advisory
28 committee who are legislators are governed by IC 2-3-1.
29 Chapter 4. Annual Report
30 Sec. 1. The executive director shall prepare an annual report
31 that includes a written report from the director on the activities of
32 the regulatory relief office that includes:
33 (1) information regarding each sandbox participant, including
34 which industries each participant represents and the
35 anticipated or actual cost savings that each participant
36 experienced;
37 (2) recommendations regarding any laws or regulations that
38 should be permanently modified;
39 (3) information regarding outcomes for consumers; and
40 (4) recommendations for changes to the regulatory sandbox
41 program or other duties of the regulatory relief office.
42 Sec. 2. Not later than October 1 of each year, the executive
2022 IN 1330—LS 6303/DI 134 5
1 director shall submit the annual report to the general assembly in
2 an electronic format under IC 5-14-6.
3 Chapter 5. Regulatory Sandbox Program and Application
4 Requirements
5 Sec. 1. The regulatory sandbox program is established within
6 the corporation.
7 Sec. 2. In administering the regulatory sandbox the regulatory
8 relief office:
9 (1) shall consult with each applicable agency;
10 (2) shall establish a program to enable a person to obtain legal
11 protections and limited access to the market in Indiana to
12 demonstrate an innovative offering without obtaining a
13 license or other authorization that might otherwise be
14 required;
15 (3) may enter into agreements with or adopt the best practices
16 of corresponding federal regulatory agencies or other states
17 that are administering similar programs; and
18 (4) may consult with businesses in Indiana about existing or
19 potential proposals for the regulatory sandbox.
20 Sec. 3. (a) An applicant for the regulatory sandbox may contact
21 the regulatory relief office to request a consultation regarding the
22 regulatory sandbox before submitting an application.
23 (b) The regulatory relief office may provide assistance to an
24 applicant in preparing an application for submission.
25 Sec. 4. An applicant for the regulatory sandbox shall provide to
26 the regulatory relief office an application in a form prescribed by
27 the regulatory relief office that:
28 (1) confirms the applicant is subject to the jurisdiction of the
29 state;
30 (2) confirms the applicant has established a physical or virtual
31 location in Indiana, from which the demonstration of an
32 innovative offering will be developed and performed and
33 where all required records, documents, and data will be
34 maintained;
35 (3) contains relevant personal and contact information for the
36 applicant, including legal names, addresses, telephone
37 numbers, electronic mail addresses, Internet web site
38 addresses, and other information required by the regulatory
39 relief office;
40 (4) discloses criminal convictions of the applicant or other
41 participating personnel, if any;
42 (5) contains a description of the innovative offering to be
2022 IN 1330—LS 6303/DI 134 6
1 demonstrated, including statements regarding:
2 (A) how the offering is subject to licensing, legal
3 prohibition, or other authorization requirements, including
4 any application of federal laws and regulations, outside of
5 the regulatory sandbox;
6 (B) each law or regulation that the applicant seeks to have
7 waived or suspended while participating in the regulatory
8 sandbox program;
9 (C) how the offering would benefit consumers;
10 (D) how the offering is different from other offerings
11 available in the state;
12 (E) what risks might exist for consumers who use or
13 purchase the offering;
14 (F) how participating in the regulatory sandbox would
15 enable a successful demonstration of the offering;
16 (G) a description of the proposed demonstration plan,
17 including estimated time periods for beginning and ending
18 the demonstration;
19 (H) recognition that the applicant will be subject to all laws
20 and regulations pertaining to the applicant's offering after
21 conclusion of the demonstration; and
22 (I) how the applicant will end the demonstration and
23 protect consumers if the demonstration fails;
24 (6) lists each government agency, if any, that the applicant
25 knows regulates the applicant's business; and
26 (7) provides any other required information as determined by
27 the regulatory relief office.
28 Sec. 5. The regulatory relief office may collect an application fee
29 from an applicant.
30 Sec. 6. An applicant shall file a separate application for each
31 innovative offering that the applicant wishes to demonstrate.
32 Sec. 7. After an application is filed the regulatory relief office
33 shall:
34 (1) classify the application and any related information
35 provided by the applicant as a protected record;
36 (2) consult with each applicable government agency that
37 regulates the applicant's business regarding whether more
38 information is needed from the applicant; and
39 (3) seek additional information from the applicant that the
40 regulatory relief office determines is necessary.
41 Sec. 8. Not later than five (5) business days after the day on
42 which a complete application is received by the regulatory relief
2022 IN 1330—LS 6303/DI 134 7
1 office, the regulatory relief office shall:
2 (1) review the application and refer the application to each
3 applicable government agency that regulates the applicant's
4 business; and
5 (2) provide to the applicant:
6 (A) an acknowledgment of receipt of the application; and
7 (B) the identity and contact information of each regulatory
8 agency to which the application has been referred for
9 review.
10 Sec. 9. (a) Subject to subsections (c) and (g), not later than thirty
11 (30) days after the day on which an applicable agency receives a
12 complete application for review, the applicable agency shall
13 provide a written report to the director of the applicable agency's
14 findings.
15 (b) The report shall:
16 (1) describe any identifiable, likely, and significant harm to
17 the health, safety, or financial well-being of consumers that
18 the relevant law or regulation protects against; and
19 (2) make a recommendation to the regulatory relief office that
20 the applicant either be admitted or denied entrance into the
21 regulatory relief sandbox.
22 (c) The applicable agency may request an additional five (5)
23 business days to deliver the written report by providing notice to
24 the director, which request shall automatically be granted. The
25 applicable agency may only request one (1) extension per
26 application.
27 (d) If the applicable agency recommends an applicant under this
28 section be denied entrance into the regulatory sandbox, the written
29 report shall include a description of the reasons for the
30 recommendation, including why a temporary waiver or suspension
31 of the relevant laws or regulations would potentially significantly
32 harm the health, safety, or financial well-being of consumers and
33 the likelihood of such harm occurring.
34 (e) If the agency determines that consumers' health, safety, or
35 financial well-being can be protected through less restrictive means
36 than the existing relevant laws or regulations, then the applicable
37 agency shall provide a recommendation of how that can be
38 achieved.
39 (f) If an applicable agency fails to deliver a written report as
40 described in this section, the director shall assume that the
41 applicable agency does not object to the temporary waiver or
42 suspension of the relevant laws or regulations for an applicant
2022 IN 1330—LS 6303/DI 134 8
1 seeking to participate in the regulatory sandbox.
2 (g) Notwithstanding any other provision of this section, an
3 applicable agency may by written notice to the regulatory relief
4 office:
5 (1) within thirty (30) days after the day on which the
6 applicable agency receives a complete application for review,
7 or within thirty-five (35) days if an extension has been
8 requested by the applicable agency, reject an application if
9 the applicable agency determines, in the applicable agency's
10 sole discretion, that the applicant's offering fails to comply
11 with standards or specifications:
12 (A) required by federal law or regulation; or
13 (B) previously approved for use by a federal agency; or
14 (2) reject an application preliminarily approved by the
15 regulatory relief office if the applicable agency:
16 (A) recommended rejection of the application in
17 accordance with subsection (d) in the agency's written
18 report; and
19 (B) provides in the written notice under this subsection a
20 description of the applicable agency's reasons why
21 approval of the application would create a substantial risk
22 of harm to the health or safety of the public, or create
23 unreasonable expenses for taxpayers in the state.
24 (h) If an applicable agency rejects an application under
25 subsection (g), the regulatory relief office may not approve the
26 application.
27 Sec. 10. (a) Upon receiving a written report described in section
28 9 of this chapter, the director shall provide the application and
29 each written report to the advisory committee.
30 (b) The director may call the advisory committee to meet as
31 needed, but not less than once per quarter if applications are
32 available for review.
33 (c) After receiving and reviewing the application and each
34 written report, the advisory committee shall provide to the director
35 the advisory committee's recommendation as to whether or not the
36 applicant should be admitted as a sandbox participant.
37 (d) As part of the advisory committee's review of each written
38 report, the advisory committee shall use the criteria required for
39 an applicable agency as described in section 9 of this chapter.
40 Sec. 11. (a) In reviewing an application and each applicable
41 agency's written report, the regulatory relief office shall consult
42 with each applicable agency and the advisory committee before
2022 IN 1330—LS 6303/DI 134 9
1 admitting an applicant into the regulatory sandbox.
2 (b) The consultation with each applicable agency and the
3 consultation with the advisory committee may include seeking
4 information about whether:
5 (1) the applicable agency has previously issued a license or
6 other authorization to the applicant; and
7 (2) the applicable agency has previously investigated,
8 sanctioned, or pursued legal action against the applicant.
9 Sec. 12. In reviewing an application under this section, the
10 regulatory relief office and applicable agency shall consider
11 whether a competitor of the applicant is or has been a sandbox
12 participant and, if so, weigh that as a factor in favor of allowing the
13 applicant to also become a sandbox participant.
14 Sec. 13. In reviewing an application under this section, the
15 regulatory relief office shall consider whether:
16 (1) the applicant's plan will adequately protect consumers
17 from potential harm identified by an applicable agency in the
18 applicable agency's written report;
19 (2) the risk of harm to consumers is outweighed by the
20 potential benefits to consumers from the applicant's
21 participation in the regulatory sandbox; and
22 (3) certain state laws or regulations that regulate an offering
23 should not be waived or suspended even if the applicant is
24 approved as a sandbox participant, including applicable
25 antifraud or disclosure provisions.
26 Sec. 14. (a) An applicant becomes a sandbox participant if the
27 regulatory relief office approves the application for the regulatory
28 sandbox and enters into a written agreement with the applicant
29 describing the specific laws and regulations that are waived or
30 suspended as part of participation in the regulatory sandbox.
31 (b) Notwithstanding any other provision of this article, the
32 regulatory relief office may not enter into a written agreement with
33 an applicant that waives or suspends a tax, fee, or charge governed
34 by the Indiana tax code under IC 6.
35 Sec. 15. (a) The director may deny, at the director's sole
36 discretion, any application submitted under this section for any
37 reason, including if the director determines that the preponderance
38 of evidence demonstrates that suspending or waiving enforcement
39 of a law or regulation would cause a significant risk of harm to
40 consumers or residents of the state.
41 (b) If the director denies an application submitted under this
42 section, the regulatory relief office shall provide to the applicant a
2022 IN 1330—LS 6303/DI 134 10
1 written description of the reasons for not allowing the applicant to
2 be a sandbox participant.
3 (c) The denial of an application submitted under this section is
4 not subject to:
5 (1) agency or judicial review; or
6 (2) the provisions under IC 4-21.5.
7 Sec. 16. The director shall deny an application for participation
8 in the regulatory sandbox described by this section if the applicant,
9 or any person who seeks to participate with the applicant in
10 demonstrating an offering, has been convicted, entered a plea of
11 nolo contendere, or entered a plea of guilty or nolo contendere held
12 in abeyance, for any crime involving significant theft, fraud, or
13 dishonesty if the crime bears a significant relationship to the
14 applicant's or other participant's ability to safely and competently
15 participate in the regulatory sandbox program.
16 Sec. 17. When an applicant is approved for participation in the
17 regulatory sandbox, the director may provide notice of the
18 approval to the competitors of the applicant and to the public.
19 Chapter 6. Scope of the Regulatory Sandbox
20 Sec. 1. If the regulatory relief office approves an application, the
21 sandbox participant has twelve (12) months after the day on which
22 the application is approved to demonstrate the offering described
23 in the sandbox participant's application.
24 Sec. 2. An offering that is demonstrated within the regulatory
25 sandbox is subject to the following:
26 (1) Each consumer shall be a resident of Indiana.
27 (2) No law or regulation may be waived or suspended if
28 waiving or suspending the law or regulation would prevent a
29 consumer from seeking restitution in the event that the
30 consumer is harmed.
31 Sec. 3. This chapter does not restrict a sandbox participant that
32 holds a license or other authorization in another jurisdiction from
33 acting in accordance with that license or other authorization.
34 Sec. 4. A sandbox participant is deemed to possess an
35 appropriate license or other authorization under the laws of
36 Indiana for the purposes of any provision of federal law requiring
37 licensure or other authorization.
38 Sec. 5. Subject to section 6 of this chapter:
39 (1) during the demonstration period, a sandbox participant is
40 not subject to the enforcement of state laws or regulations
41 identified in the written agreement between the regulatory
42 relief office and the sandbox participant;
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1 (2) a prosecutor may not file or pursue charges pertaining to
2 a law or regulation identified in the written agreement
3 between the regulatory relief office and the sandbox
4 participant that occurs during the demonstration period; and
5 (3) a state agency may not file or pursue any punitive action
6 against a sandbox participant, including a fine or licensure
7 suspension or revocation, for the violation of a law or
8 regulation that:
9 (A) is identified as being waived or suspended in the
10 written agreement between the regulatory relief office and
11 the sandbox participant; and
12 (B) occurs during the demonstration period.
13 Sec. 6. Notwithstanding any other provision of this article, a
14 sandbox participant does not have immunity related to any
15 criminal offense not waived or suspended in the written agreement
16 between the regulatory relief office and the sandbox participant
17 committed during the sandbox participant's participation in the
18 regulatory sandbox.
19 Sec. 7. By written notice, the regulatory relief office may end a
20 sandbox participant's participation in the regulatory sandbox at
21 any time and for any reason, including if the director determines
22 that a sandbox participant is not operating in good faith to bring
23 an innovative offering to the market.
24 Sec. 8. The regulatory relief office and the regulatory relief
25 office's employees are not liable for any business losses or the
26 recouping of application expenses or other expenses related to the
27 regulatory sandbox, including for:
28 (1) denying an applicant's application to participate in the
29 regulatory sandbox for any reason; or
30 (2) ending a sandbox participant's participation in the
31 regulatory sandbox at any time and for any reason.
32 Chapter 7. Consumer Protection for the Regulatory Sandbox
33 Sec. 1. Before demonstrating an offering to a consumer, a
34 sandbox participant shall disclose the following to the consumer:
35 (1) The name and contact information of the sandbox
36 participant.
37 (2) That the offering is authorized pursuant to the regulatory
38 sandbox program and, if applicable, that the sandbox
39 participant does not have a license or other authorization to
40 provide an offering under state laws that regulate offerings
41 outside of the regulatory sandbox.
42 (3) That the offering is undergoing testing and may not
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1 function as intended and may expose the consumer to certain
2 risks as identified by the applicable agency's written report.
3 (4) That the provider of the offering is not immune from civil
4 liability for any losses or damages caused by the offering.
5 (5) That the provider of the offering is not immune from
6 criminal prosecution for violations of state laws or regulations
7 that are not suspended or waived as allowed by the regulatory
8 sandbox.
9 (6) That the offering is a temporary demonstration that may
10 be discontinued at the end of the demonstration period.
11 (7) The expected end date of the demonstration period.
12 (8) That a consumer may contact the regulatory relief office
13 and file a complaint regarding the offering being
14 demonstrated. The sandbox participant shall provide the
15 regulatory relief office's telephone number and Internet web
16 site address where a complaint may be filed.
17 Sec. 2. The disclosures required by this chapter shall be
18 provided to a consumer in a clear and conspicuous form and, for
19 an internet or application based offering, a consumer shall
20 acknowledge receipt of the disclosure before any transaction may
21 be completed.
22 Sec. 3. The regulatory relief office may require that a sandbox
23 participant make additional disclosures to a consumer.
24 Chapter 8. Requirements for Exiting Regulatory Sandbox
25 Sec. 1. At least thirty (30) days before the end of the twelve (12)
26 month regulatory sandbox demonstration period, a sandbox
27 participant shall:
28 (1) notify the regulatory relief office that the sandbox
29 participant will exit the regulatory sandbox and discontinue
30 the sandbox participant's demonstration after the day on
31 which the twelve (12) month demonstration period ends; or
32 (2) seek an extension under IC 5-36-9.
33 Sec. 2. Subject to section 3 of this chapter, if the regulatory
34 relief office does not receive notification as required by section 1 of
35 this chapter, the regulatory sandbox demonstration period ends at
36 the end of the twelve (12) month demonstration period.
37 Sec. 3. If a demonstration includes an offering that requires
38 ongoing duties, the sandbox participant may continue to perform
39 those duties but will be subject to enforcement of the laws or
40 regulations that were waived or suspended as part of the
41 regulatory sandbox.
42 Chapter 9. Extensions
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1 Sec. 1. Not later than thirty (30) days before the end of the
2 twelve (12) month regulatory sandbox demonstration period, a
3 sandbox participant may request an extension of the regulatory
4 sandbox demonstration period.
5 Sec. 2. The regulatory relief office shall grant or deny a request
6 for an extension in accordance with section 1 of this chapter by the
7 end of the twelve (12) month regulatory sandbox demonstration
8 period.
9 Sec. 3. The regulatory relief office may grant an extension in
10 accordance with this chapter for not more than twelve (12) months
11 after the end of the regulatory sandbox demonstration period.
12 Chapter 10. Record Keeping and Reporting Requirements
13 Sec. 1. A sandbox participant shall retain records, documents,
14 and data produced in the ordinary course of business regarding an
15 offering demonstrated in the regulatory sandbox.
16 Sec. 2. If a sandbox participant ceases to provide an offering
17 before the end of a demonstration period, the sandbox participant
18 shall notify the regulatory relief office and each applicable agency
19 and report on actions taken by the sandbox participant to ensure
20 consumers have not been harmed as a result.
21 Sec. 3. The regulatory relief office shall establish quarterly
22 reporting requirements for a sandbox participant, including
23 information about any consumer complaints.
24 Sec. 4. The regulatory relief office may request records,
25 documents, and data from a sandbox participant and, upon the
26 regulatory relief office's request, the sandbox participant shall
27 make such records, documents, and data available for inspection
28 by the regulatory relief office.
29 Sec. 5. (a) The sandbox participant shall notify the regulatory
30 relief office and each applicable agency of any incidents that result
31 in harm to the health, safety, or financial well-being of a consumer.
32 (b) If a sandbox participant fails to notify the regulatory relief
33 office and each applicable agency of any incidents as described in
34 subsection (a), or the regulatory relief office or an applicable
35 agency has evidence that significant harm to a consumer has
36 occurred, the regulatory relief office may immediately remove the
37 sandbox participant from the regulatory sandbox.
38 Sec. 6. (a) Not later than thirty (30) days after the day on which
39 a sandbox participant exits the regulatory sandbox, the sandbox
40 participant shall submit a written report to the regulatory relief
41 office and each applicable agency describing an overview of the
42 sandbox participant's demonstration, including any:
2022 IN 1330—LS 6303/DI 134 14
1 (1) incidents of harm to consumers;
2 (2) legal actions filed against the sandbox participant as a
3 result of the participant's demonstration; and
4 (3) complaints filed with an applicable agency as a result of
5 the sandbox participant's demonstration.
6 (b) Not later than thirty (30) days after the day on which an
7 applicable agency receives the quarterly report required under
8 section 3 of this chapter, or a written report from a sandbox
9 participant under subsection (a), the applicable agency shall
10 provide a written report to the regulatory relief office on the
11 demonstration that describes any statutory or regulatory reform
12 the applicable agency recommends as a result of the
13 demonstration.
14 Sec. 7. The regulatory relief office may remove a sandbox
15 participant from the regulatory sandbox at any time if the
16 regulatory relief office determines that a sandbox participant has
17 engaged in, is engaging in, or is about to engage in any practice or
18 transaction that is in violation of this article or that constitutes a
19 violation of a law or regulation for which a suspension or waiver
20 has not been granted.
21 Chapter 11. Regulatory Relief Office Web Page
22 Sec. 1. The regulatory relief office shall create and maintain on
23 the corporation's Internet web site a web page that invites
24 residents and businesses in the state to make suggestions regarding
25 laws and regulations that could be modified or eliminated to
26 reduce the regulatory burden of residents and businesses in the
27 state.
28 Sec. 2. On at least a quarterly basis, the regulatory relief office
29 shall compile the results of suggestions from the web page and
30 provide a written report to the general assembly that describes the
31 most common suggestions.
32 Sec. 3. In creating the report described in section 2 of this
33 chapter, the regulatory relief office and the advisory committee:
34 (1) shall ensure that private information of residents and
35 businesses that make suggestions on the web page is not made
36 public; and
37 (2) may evaluate the suggestions and provide analysis and
38 suggestions regarding which state laws and regulations could
39 be modified or eliminated to reduce the regulatory burden of
40 residents and businesses in the state while still protecting
41 consumers.
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