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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:
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== '''Project Eligibility''' ==
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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)
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* 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.
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* 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:
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* determining whether an experiment would be the right approach (NEW)
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* developing a regulatory experiment (e.g., scope, evidence needs, experimental process, data collection methods) (NEW)
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* conducting a regulatory experiment
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*financial support to offset expenses associated with experimenting, and
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== '''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:
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* financial support to offset expenses    associated with experimenting. There is up to $1,400,000 per fiscal year    with multi-year funding available
 
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* technical advice and guidance to help you    navigate your specific situation.
*conduct a regulatory experiment
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*determine whether an experiment would be the right approach (NEW)
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*develop a regulatory experiment (NEW)
       
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