This bill establishes an office of regulatory efficiency and oversight within the Department of Business and Economic Affairs. The office will consist of an executive director, an advisor of regulatory oversight, an advisor of state government efficiency, and one staff member. The office will have the power and duty to represent the interests of private industry in rulemaking proceedings and to work with private industry, executive agencies, the legislature, and other parties to produce cost-benefit analyses of existing and proposed rules. The office will also accept complaints and comments from private industry and work to improve efficiencies and eliminate redundancies in interagency communications and procedures. The bill appropriates $1,500,000 to the Department of Business and Economic Affairs for the administration of the office.

The Department of Business and Economic Affairs states that while the $1,500,000 appropriation is sufficient for startup and operational needs, the bill lacks provisions to cover essential business office expenses such as human resources, invoicing, budget management, and software needs. The department also notes that the staffing level and exact expenses remain unclear, and they plan to submit detailed expenditure requests during the FY26-27 budget process.