HB 624/SB 470 – North Carolina Regulatory Sandbox Act

Primary House Sponsors: Rep. Jason Saine (R-Lincoln); Rep. Brian Turner (D-Buncombe); Rep. Brandon Lofton (D-Mecklenburg); Rep. John Szoka (R-Cumberland)


Primary Senate Sponsors: Sen. Todd Johnson (R-Union); Sen. Ralph Hise (R-Madison, McDowell, Mitchell, Polk, Rutherford, Yancey)


This bill establishes the regulatory sandbox program, a program that permits a person or entity to temporarily test an innovative financial or insurance product or service and make it available to consumers on a limited basis without being subject to certain licensing or other regulatory obligations imposed under state law.

This bill also establishes the NC Innovation Council, an entity authorized to set standards, principles, guidelines, and policy priorities for the types of innovations that the regulatory sandbox program will support.


HB 624

Filed – 4/20/2021


SB 470

Filed – 4/1/2021