Ohio lawmakers move to cut business regulations

Ohio lawmakers move to cut business regulations

The basics of Senate Bill 1, a top priority for GOP senators, were incorporated into the state budget bill that is expected to get floor votes on Wednesday.

It aims to eliminate 30% of Ohio’s 247,000 rules and regulations in state administrative code over three years. If state agencies fail to meet this goal, they’d face a mandate that for each new regulation imposed, two rules would be eliminated.

Related: Ohio Senate leader plans to eliminate thousands of business regulations

Advocates for the regulatory reform say it’ll eliminate unnecessary, burdensome rules that hamper businesses.

The NFIB Ohio and Ohio Chamber of Commerce support the move. But Policy Matters Ohio, a liberal think tank, called it impractical and unwarranted and the Ohio Consumers’ Counsel warned that it could reduce consumer protections.

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