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The Buckeye Institute: HB176 Will Boost Innovation of New Products and Services

Sep 30, 2025

Columbus, OH – On Tuesday, The Buckeye Institute testified (see full text below or download a PDF) before the Ohio House Government Oversight Committee on the policies in Ohio House Bill 176, which will boost innovation, help businesses access capital, and help consumers access better and safer products. 

In his testimony, Greg R. Lawson, a research fellow at The Buckeye Institute, noted that, if adopted, House Bill 176 would make “Ohio the sixth state with a universal sandbox across economic sectors, benefiting entrepreneurs, business startups, and consumers by encouraging teamwork between businesses and state regulators.” 

In closing, Lawson pointed out that the policies in House Bill 176 “will help and encourage Ohio entrepreneurs, protect consumers, and improve the state’s regulatory structure by cutting bureaucratic red tape so that businesses can develop innovative new products safely and more affordably.”

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Using Universal Sandboxes to Boost Innovation

Interested Party Testimony
Ohio House Government Oversight Committee
Ohio House Bill 176

Greg R. Lawson
Research Fellow
The Buckeye Institute
September 30, 2025

As Prepared for Delivery

Chair Hall, Vice Chair Ferguson, Ranking Member Humphrey, and members of the Committee, thank you for the opportunity to testify regarding Ohio House Bill 176.

My name is Greg R. Lawson, I am a research fellow at The Buckeye Institute, an independent research and educational institution—a think tank—whose mission is to advance free-market public policy in the states.

House Bill 176 adopts a universal regulatory sandbox to help Ohio businesses and regulators work together to bring products to market safely and with fewer bureaucratic hurdles. Expanding upon the state’s financial sector sandbox, House Bill 176 would make Ohio the sixth state with a universal sandbox across economic sectors, benefiting entrepreneurs, business startups, and consumers by encouraging teamwork between businesses and state regulators.

Businesses like regulatory sandboxes because they can react more quickly to changing market conditions. Sandboxes make regulatory compliance more affordable, particularly for entrepreneurs, and help businesses access more capital and tolerate more risk, critical needs for startups and expansions. Regulatory sandboxes help consumers by improving access to better, safer products. 

In addition to significantly expanding the state’s sandbox model to all sectors, House Bill 176 also substantially improves Ohio’s current financial sector sandbox by extending its timeline from two to five years. The longer time horizon will help businesses recoup their investments, which will decrease their risk. And the bill wisely creates a path to reciprocity with other states that have adopted their own sandboxes so that Ohio regulators can make it easier for businesses to innovate across state lines. Ohio agriculture, for example, could benefit from innovations in DNA soil sampling and drone crop analysis currently pursued in Mississippi’s agricultural sandbox. And Ohio healthcare could see innovative artificial intelligence (AI) and insurance reforms developed alongside regulators in AI healthcare sandboxes, which will continue Ohio’s move to the fore of the healthcare technology field.

Adopting the universal regulatory sandbox in House Bill 176 will help and encourage Ohio entrepreneurs, protect consumers, and improve the state’s regulatory structure by cutting bureaucratic red tape so that businesses can develop innovative new products safely and more affordably. 

Thank you for your time and attention. I would be happy to answer any questions that the Committee might have.

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