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October 12, 2025 - Providence, Rhode IslandRhode Island lawmakers have taken a major step forward in regulatory law reform with the passing of a new bill aimed at streamlining the state's regulatory process. The legislation, which was signed into law by Governor John Smith earlier this week, is set to have a significant impact on businesses and consumers alike.The new law, known as the Regulatory Efficiency Act, seeks to cut red tape and eliminate unnecessary regulations that have been hindering economic growth in the state. Under the act, state agencies will be required to conduct a thorough review of existing regulations to identify those that are outdated, duplicative, or overly burdensome.In addition, the act includes provisions for the creation of a regulatory ombudsman who will serve as a point of contact for businesses seeking assistance with navigating the regulatory process. This is expected to help streamline communication between businesses and regulators, reducing confusion and delays in regulatory compliance.Governor Smith praised the new law as a major step forward in creating a more business-friendly environment in Rhode Island. "By cutting through the red tape, we are creating a more efficient and effective regulatory system that will help spur economic growth and job creation in our state," he said in a statement.Business groups have also welcomed the new legislation, with many expressing hope that it will help attract more investment to the state. "Rhode Island has long been known for its burdensome regulatory environment, and this new law is a positive step towards changing that perception," said Mark Johnson, president of the Rhode Island Business Alliance.While the Regulatory Efficiency Act has been widely praised, some critics have expressed concerns that it may weaken environmental and consumer protections. However, Governor Smith has assured that the new law includes provisions to safeguard public health and safety.Overall, the passing of the Regulatory Efficiency Act marks a significant milestone in Rhode Island's efforts to modernize its regulatory framework. The state is now poised to become a more attractive destination for businesses and investors looking for a streamlined regulatory environment.