AN ACT RELATING TO STATE AFFAIRS AND GOVERNMENT -- RHODE ISLAND BIOTECHNOLOGY REGULATORY SANDBOX ACT

HB 6243 establishes the Rhode Island Biotechnology Regulatory Sandbox Act within the Department of Business Regulation. This program allows eligible biotechnology companies and research institutions to test innovative biotechnology products or services. Approved participants can operate with limited exemptions from certain state licensing and regulatory requirements for a defined testing period. The Department of Business Regulation will oversee applications, consult with applicable state agencies, and coordinate with federal regulatory bodies to ensure proper oversight and consumer protection.