COLUMBUS—State Senators Rob McColley
(R-Napoleon) and Kristina Roegner
(R-Hudson), sponsors of Senate Bill 1
, today announced the Senate passage of their bill to reform Ohio's regulatory environment by cutting government red tape and reducing overly burdensome or unnecessary regulations on Ohio businesses.
"I am proud that this legislative body has taken this important step in the right direction for Ohio's businesses and entrepreneurs," said McColley. "Overly burdensome regulations are a barrier to economic growth and job creation and are clearly limiting opportunities for many Ohioans."
Supported by pro-business groups such as the Ohio Chamber of Commerce
, Ohio Manufacturers Association
and others, the legislation will require Ohio's state agencies to reduce the overall number of state regulations by 30 percent over three years. It is targeted at eliminating outdated, unnecessary red tape and bringing Ohio's regulatory environment more in line with national averages. If agencies are unable to meet the 30 percent requirement, a "2-for-1" strategy would be implemented by which two regulations must be eliminated for each new one created.
"Although passed with the best intentions, the accumulation of new laws and regulations over time slows economic growth," said Roegner. "They build up like sludge in Ohio's economic engine. Senate Bill 1 is like a massive spring cleaning for Ohio's regulations. It provides a pathway to relieving Ohio of regulatory albatross and unleashing economic potential for our great state."
Senate Bill 1 will now go to the Ohio House of Representatives for further consideration.