S. 4919 proposes the creation of a regulatory sandbox program allowing federal agencies to temporarily waive certain rules for businesses to encourage innovation and economic growth. The bill outlines the establishment of an Office of Federal Regulatory Relief to oversee this...
Simple Explanation
S. 4919 is trying to set up a special place where businesses can try out new ideas without following all the usual rules, as long as they don’t hurt anybody and they help create jobs. There will be a team making sure everything is safe and fair, and if businesses don’t like a decision, they can ask for another look.