This bill creates an all-inclusive regulatory sandbox so innovative companies and business models can be shielded temporarily from punishment for coming into conflict with outdated laws or regulations.
If the COVID-19 pandemic has taught us anything, it’s the importance of having the ability to adapt in the face of rapidly evolving events and public needs. Unfortunately, the crisis has illustrated how inept many government institutions are in this regard.
A year has passed since the Utah Supreme Court initially green lighted a legal services sandbox in the state—a first-in-the-nation endeavor. The program is now up and running, with the Court recently establishing the regulatory sandbox pilot program.
Fear of the new is an age-old problem. Even in the technology age with its rapid innovations, constant fears of worst-case scenarios arise—but typically end up being unfounded.
