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− | <span style="color: #1F402B"><big>'''What is the Regulatory Experimentation Expense Fund (REEF)?'''</big></span><br>The REEF is a fund to help regulators support innovation by experimenting with:
| + | == '''Project Eligibility''' == |
| + | The REEF is a fund to help regulators innovate or support innovation in the marketplace by experimenting with: |
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− | *innovative approaches to any or all stages of the regulatory lifecycle (issue definition and instrument choice, regulatory development, administration, compliance/enforcement, and review/evaluation) | + | * Innovative approaches to any stage(s) of the regulatory lifecycle (issue definition and instrument choice, regulatory development, administration, compliance/enforcement, and review/evaluation) |
− | *regulatory approaches for new products or services. | + | * Market innovations (e.g., products, business models, services.) |
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| + | All stages of regulatory experimentation are supported, including: |
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− | The REEF provides regulators with:
| + | * determining whether an experiment would be the right approach (NEW) |
| + | * developing a regulatory experiment (e.g., scope, evidence needs, experimental process, data collection methods) (NEW) |
| + | * conducting a regulatory experiment |
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− | *financial support to offset expenses associated with experimenting, and
| + | == '''What can the REEF offer?''' == |
− | *technical advice and guidance to help you navigate your specific situation.
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| + | Regulators can receive: |
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− | The REEF can be used to help regulators:
| + | * financial support to offset expenses associated with experimenting. There is up to $1,400,000 per fiscal year with multi-year funding available |
− | | + | * technical advice and guidance to help you navigate your specific situation. |
− | *conduct a regulatory experiment | |
− | *determine whether an experiment would be the right approach (NEW)
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− | *develop a regulatory experiment (NEW)
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