Columbus, OH – Logan Kolas, an economic policy analyst at The Buckeye Institute and the author of Build a Regulatory Sandbox for Financial Technology Innovators, commented on the passage of Senate Bill 249, which passed the Ohio House and now goes to Governor Mike DeWine to sign into law.

“Under the leadership of Sen. Steve Wilson, the Ohio General Assembly has taken the first step to cut regulatory red tape that often keeps innovative technology from reaching users. By sending this Buckeye Institute-championed policy to Governor DeWine’s desk, lawmakers have shown their enthusiasm to make Ohio’s regulatory process less daunting, less expensive, and more transparent for financial technology employers looking to establish a presence or expand their operations in Ohio.

“While today’s vote should be celebrated, Ohio lawmakers should not stop here. The benefits of regulatory sandboxes should be extended to all industries while lawmakers continue to undertake other policy and regulatory reforms to make Ohio a leader in emerging technology.”

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