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The PIONEER Act establishes a regulatory sandbox program allowing federal agencies to grant temporary waivers from rules and guidance to businesses testing new products, services, or projects on a limited basis. The bill creates an Office of Federal Regulatory Relief within the Office of Management and Budget to manage applications and coordinate with agencies. Each agency must establish an advisory board with private sector representatives to review applications, and agencies may grant partial or full waivers if consumer benefits outweigh health, safety, economic, and consumer protection risks.
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