Bill Summary for H 624 (2021-2022)

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Bill: NORTH CAROLINA REGULATORY SANDBOX ACT.

Summary date: 

Sep 21 2021
S.L. 2021-166

Bill Information:

View NCGA Bill Details2021
House Bill 624 (Public) Filed Tuesday, April 20, 2021
AN ACT TO ENACT THE NORTH CAROLINA FINANCIAL AND INSURANCE REGULATORY SANDBOX ACT AND TO ESTABLISH THE NORTH CAROLINA INNOVATION COUNCIL.
Intro. by Saine, Turner, Lofton, Szoka.

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Bill summary

Senate committee substitute to the 2nd edition makes the following changes.

Amends the act's long title by correcting the name of the Council.

Makes a clarifying change to the appointment of members of the North Carolina Innovation Council under GS 169‑4.

Adds to GS 169-8, stating that new GS Chapter 169 does not allow the Council or an applicable State agency to grant an innovation waiver that alters or amends Article 12 of GS Chapter 20 (Motor Vehicle Dealers and Manufacturers Licensing Law).