Last Action | 03/29/23: became law without Governor's Signature (Acts Ch. 122) |
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Title | AN ACT relating to regulatory relief. |
Bill Documents |
Acts Chapter 122
Current/Final Introduced |
Bill Request Number | 121 |
Sponsors | P. Pratt, DJ Johnson, S. Rawlings |
Summary of Original Version | Create new sections of Subchapter 12 of KRS Chapter 154 to define "advisory committee," "applicable agency," "applicant," "consumer," "demonstrate," "director," "innovation," "innovative offering," "offering," "product," "production," "regulatory relief office," "regulatory sandbox," "sandbox participant," "secretary," and "service"; establish the General Regulatory Sandbox Advisory Committee; establish the Kentucky Office of Regulatory Relief; create the General Regulatory Sandbox Program; establish the application process and requirements to apply to the sandbox; give an applicant that is accepted into the sandbox 12 months to demonstrate the offering identified in his or her application; establish the conditions upon which the regulatory relief office can terminate a sandbox participant's participation in the sandbox; require the secretary of the Cabinet for Economic Development to prepare and submit a written report to the General Assembly and LRC by October 1 of each year; amend KRS 12.020 to place the Kentucky Office of Regulatory Relief under the Office of the Secretary of the Cabinet for Economic Development; amend KRS 13A.250 to require each administrative body to provide in its fiscal note an explanation of the fiscal impact of the methodology and resources it used to determine the fiscal impact; amend KRS 304.3-705 to allow a person regulated under KRS 304.3-700 to 304.3-735 to participate in the regulatory sandbox if the person is not qualified to make an application under KRS 304.3-700 to 304.3-735. |
Index Headings of Original Version |
State Agencies - Kentucky Office of Regulatory Relief, creation Economic Development - General Regulatory Sandbox Program, creation Insurance - General Regulatory Sandbox Program, participants Small Business - General Regulatory Sandbox Program, qualifications Public Meetings - General Regulatory Sandbox Advisory Committee, requirements Advisory Boards, Commissions, and Committees - General Regulatory Sandbox Advisory Committee, creation Administrative Regulations and Proceedings - General Regulatory Sandbox Program, requirements |
Jump to Proposed Amendments |
House Committee Substitute 1 Senate Committee Substitute 1 Senate Floor Amendment 1 |
Votes | Vote History |
02/14/23 |
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02/16/23 |
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02/22/23 |
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02/23/23 |
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02/24/23 |
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02/28/23 |
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03/01/23 |
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03/03/23 |
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03/09/23 |
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03/10/23 |
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03/13/23 |
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03/14/23 |
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03/16/23 |
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03/27/23 |
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03/29/23 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions, except move new sections from Subchapter 12 of KRS Chapter 154 to Chapter 15; establish the Kentucky Office of Regulatory Relief under the Office of the Attorney General; require five members of the advisory committee to be appointed from the business community; require five members to be the secretary or his or her designee from state cabinets listed; establish an application fee not to exceed $1,000; remove all references to exempting any person from laws; prohibit the suspension of an administrative regulation that would preclude any person from recovering damages from a sandbox participant; EFFECTIVE March 15, 2024. |
Index Headings |
Economic Development - General Regulatory Sandbox Advisory Program, creation Effective Dates, Delayed - General Regulatory Sandbox Advisory Program, March 15, 2024 Insurance - General Regulatory Sandbox Advisory Program, participants Small Business - General Regulatory Sandbox Advisory Program, qualifications State Agencies - Kentucky Office of Regulatory Relief, creation Public Meetings - General Regulatory Sandbox Advisory Committee, requirements Advisory Boards, Commissions, and Committees - General Regulatory Sandbox Advisory Committee, creation Administrative Regulations and Proceedings - General Regulatory Sandbox Program, requirements Attorney General - General Regulatory Sandbox Program, creation Attorney General - Kentucky Office of Regulatory Relief, creation |
Amendment | Senate Committee Substitute 1 |
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Summary | Retain original provisions, except redefine "offering"; prohibit the regulatory relief office from entering a written agreement with an applicant that waives or suspends a requirement for licensure or regulation of a health facility; effective March 15, 2024. |
Index Headings |
Economic Development - General Regulatory Sandbox Advisory Program, creation Effective Dates, Delayed - General Regulatory Sandbox Advisory Program, March 15, 2024 Insurance - General Regulatory Sandbox Advisory Program, participants Small Business - General Regulatory Sandbox Advisory Program, qualifications State Agencies - Kentucky Office of Regulatory Relief, creation Public Meetings - General Regulatory Sandbox Advisory Committee, requirements Advisory Boards, Commissions, and Committees - General Regulatory Sandbox Advisory Committee, creation Administrative Regulations and Proceedings - General Regulatory Sandbox Program, requirements Attorney General - General Regulatory Sandbox Program, creation Attorney General - Kentucky Office of Regulatory Relief, creation |
Amendment | Senate Floor Amendment 1 |
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Sponsor | R. Thomas |
Summary | Amend to add a member of the minority party in the Senate and a member of the minority party in the House of Representatives as ex officio, nonvoting members of the General Regulatory Sandbox Advisory Committee. |
Index Headings |
Economic Development - General Regulatory Sandbox Advisory Committee, membership Advisory Boards, Commissions, and Committees - General Regulatory Sandbox Advisory Committee, membership |
Last updated: 11/9/2023 3:03 PM (EST)