IA HF2090

Establishes a regulatory relief office within the Iowa Economic Development Authority to help businesses obtain temporary waivers from licensing and other regulatory requirements while demonstrating innovative products or services.

Creates a 13-member regulatory relief advisory committee with 9 voting members (6 representing business interests, 3 representing state agencies) and 4 non-voting legislative members serving four-year staggered terms.

Requires the office to act as a liaison between businesses and state agencies to identify laws that could potentially be waived or suspended, and to develop a framework for analyzing consumer risk levels related to regulatory changes.

Mandates an annual report by October 1 detailing program participants, their industries, cost savings experienced, consumer outcomes, and recommendations for permanent regulatory modifications.

Authorizes the office to propose reciprocity agreements with other states using similar regulatory relief programs and to recommend changes to state laws that unnecessarily inhibit new company creation or industry success.