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==What is the REEF? ==

==What is the REEF? ==

The Regulatory Experimentation Expense Fund (REEF) supports federal regulators using experimentation and sandbox testing:

The Regulatory Experimentation Expense Fund (REEF) supports federal regulators using experimentation and sandboxes to test:

* Develop innovative approaches to reduce red tape at any stage of the regulatory lifecycle

* Innovative approaches to reduce red tape at any stage of the regulatory lifecycle

* Removing regulatory barriers to industry innovations getting to market (e.g., new products, business models, and services)

* Removing regulatory barriers to industry innovations getting to market (e.g., new products, business models, and services)